A reading of the behavior and rates of corrections on Bitcoin from the bottom of $15,600 in November 2022 until now, May 2024.
During this period
There were 5 corrections with a percentage of decline ranging from
From 21% to 22%
- First correction dated February 16, 2023
Bitcoin fell from 25 thousand to 19 thousand ((a decline of 22%))
- The second correction dated April 14, 2023
Bitcoin fell from 31 thousand to 24 thousand
A decrease of 22%
Third correction dated July 13, 2023
Bitcoin fell again from $31,000 to $24,800
((decrease by 22%))
-Fourth correction dated January 11, 2024
Bitcoin fell from 48 thousand to 38 thousand
((a decrease of 21%))
- Fifth correction dated March 13, 2024
Bitcoin fell from 73 thousand and now the price of Bitcoin is 58 thousand