Bitcoin bull market correction drawdowns

[tranthidung]

A graphic from CryptoQuant, that can be helpful for newbies. They are newbies so they don't have experience in this market and corrections make them fearful and panic.

Information below with past corrections even in bull runs, can help newbies to understand more on the way price moves up and will not feel fearful with coming corrections along this bull run.

I don't summarize figures because they are all on the graphic. Note that the All time average drawdown is -15%.

If you want to see live charts, there are three free ones.

• https://checkonchain.com/btconchain/technical/technical_drawdowns_bull/technical_drawdowns_bull_light.html
• https://studio.glassnode.com/workbench/bf532ce2-a66b-4798-6deb-bf3ba7decc59
• https://cryptoquant.com/community/dashboard/650de954ca432c72d6ef82b1

[Faisal2202]

A graphic from CryptoQuant, that can be helpful for newbies. They are newbies so they don't have experience in this market and corrections make them fearful and panic.

Note: The image is not showing due to some mistake, please look into it and correct it so we can see the post, I did not even see the link of Twitter on the main page, but when I hit quote, I saw the link in the last, and then manually copied the twitter link and read the post. I don't know what's the problem here or maybe I am not seeing the picture due to some of my side problems.

Well, besides it, the post you have shared is helpful, but it did not say much about what data or metrics it has used to predict or assume the downtrends, but yeah the number did give us some overview that how much correction that market can take. And based on these numbers many newbies are going to be prove wrong because they are thinking the market might go back to the price zone of $40k to $45k.

[TomPluz]

Good to see that corrections can happen anytime and in fact we actually considered these as very healthy and much needed...so people or holders should not panic and must have diamond hands as more can be coming before and even after the halving. We are in the bullish season but we can still encounter some retreat in terms of the price of Bitcoin...we should just continue on holding and never mind the rough road especially ahead. It happened to me in the past when I panicked I lost my Bitcoin and I never recovered ever since...this is a big lesson for many newcomers on the scene to remain calm and then soon enjoy the fruits of being patient and always listening to people who are already experienced on the matter.

[tranthidung]

Note: The image is not showing due to some mistake, please look into it and correct it so we can see the post, I did not even see the link of Twitter on the main page, but when I hit quote, I saw the link in the last, and then manually copied the twitter link and read the post. I don't know what's the problem here or maybe I am not seeing the picture due to some of my side problems.

It works fine for me previous days and today. I guess issues are on your side.

Well, besides it, the post you have shared is helpful, but it did not say much about what data or metrics it has used to predict or assume the downtrends, but yeah the number did give us some overview that how much correction that market can take. And based on these numbers many newbies are going to be prove wrong because they are thinking the market might go back to the price zone of $40k to $45k.

The chart is about past market correction and it's all about history and we know history has its rhythm and history usually repeats itself.

However, this cycle is different a lot with appearances and impacts from Bitcoin Spot ETFs and history might continue to be changed.  I don't predict it to happen as it might be changed and we will see Bitcoin soars more. Anyway, if you have bitcoins, hold it tightly and it will not make you disappointed in this bull run which is big definitely.

Good to see that corrections can happen anytime and in fact we actually considered these as very healthy and much needed...so people or holders should not panic and must have diamond hands as more can be coming before and even after the halving. We are in the bullish season but we can still encounter some retreat in terms of the price of Bitcoin...

From past corrections, sometimes mild, sometimes very big but over time, years, Bitcoin gives holders very great profit, massive ROIs.

By looking at history, newbies should recognize that corrections in a bull run are chances to buy and get profit.

[gunhell16]

A graphic from CryptoQuant, that can be helpful for newbies. They are newbies so they don't have experience in this market and corrections make them fearful and panic.

Information below with past corrections even in bull runs, can help newbies to understand more on the way price moves up and will not feel fearful with coming corrections along this bull run.

I don't summarize figures because they are all on the graphic. Note that the All time average drawdown is -15%.

If I look at the image, it is really obvious that we are in an uptrend, and even if there was a correction, it was only short-lived, to be honest. Good luck to those who rode from the uptrend to that correction and will ride the uptrend again.

Maybe I'll do it; I won't go with the current trend because, in my view, right now since the previous ATH has been surpassed, we're now in the discovery phase, and we'll just have to wait or see where there will be a higher-high or higher-low, or maybe a lower-high or lower-low. This is how the battle will happen today.

[examplens]

Information below with past corrections even in bull runs, can help newbies to understand more on the way price moves up and will not feel fearful with coming corrections along this bull run.

You should mention that such corrections are good for making profits. Of course for those who know how to use them.
Certainly ideal for traders, because the upward trend is constant.

[tranthidung]

If I look at the image, it is really obvious that we are in an uptrend, and even if there was a correction, it was only short-lived, to be honest. Good luck to those who rode from the uptrend to that correction and will ride the uptrend again.

Luckily with huge demand from Bitcoin Spot ETFs, recent weeks, we have very big buying capital that is great support for Bitcoin price. I also think there is no rosy adventure without up and down, rise and correction as well as market washout is necessary to go up more.

Everything can happen even big corrections similarly to past cycles but honestly I expect to see somewhat smaller corrections in this cycle.

You should mention that such corrections are good for making profits. Of course for those who know how to use them.
Certainly ideal for traders, because the upward trend is constant.

There are some trading types, Spot, Leverage, Futures and I only recommend to use Spot Trading to buy dips and get profit.

I know traders can get profit with Leverages, Futures too but it is more risky and no way to control your positions 100% and during your trading time, surely you will get forced liquidation.

[Don Pedro Dinero]

You should mention that such corrections are good for making profits. Of course for those who know how to use them.
Certainly ideal for traders, because the upward trend is constant.

They are also the typical corrections in which newbie traders end up getting fleeced. They usually enter at highs encouraged by the bull market, without sufficient capital, often with leverage, encouraged by the influencer on duty who sells them that they can become multimillionaires from home making trades with little initial capital and end up losing everything they have and more.

[Gladitorcomeback]

So up to a -15% drop in the prices is normal even during a bull run and it will eventually recover from it, the chart is useful for sure, but what I think is that there will always be a group of people who would panic in any situation, even if they are told that nothing bad is going to happen and things will get back to normal sooner than they might expect but they wouldn't understand.

This is the reason why even if there is supposed to be a 10% drop, that is dragged to 20% or above by the panic sellers as they sell in large numbers, dragging the prices down as they keep reducing the asking prices in each market.

[milewilda]

So up to a -15% drop in the prices is normal even during a bull run and it will eventually recover from it, the chart is useful for sure, but what I think is that there will always be a group of people who would panic in any situation, even if they are told that nothing bad is going to happen and things will get back to normal sooner than they might expect but they wouldn't understand.

This is the reason why even if there is supposed to be a 10% drop, that is dragged to 20% or above by the panic sellers as they sell in large numbers, dragging the prices down as they keep reducing the asking prices in each market.

With the current price drop then pretty sure that tons had panicked out specially to those who had been able to buy on 73k+. For those who have been able to buy up and still new into this market then you would really be in panic. This is why it would really be better that on the time that you have decided to invest into this space then make yourself that get prepared for possible dumps
and corrections that you might be able to face. The market cant really be just having that single path to take but rather it would really be having ups and downs.
This is why it is really just that right that you do really know on what you should gonna do. Market would really always have the correction.

[Jamal Aezaz]

People who are familiar with bitcoin will not panic when price goes down due to correction because they know everything well but newbies get feared when they see the price turn red.

Little correction is not a big concern but if price goes down from 40k$ then it will become very fearful situations. If newbies sell their bitcoin due to panic then it will negatively effect the price of bitcoin but there are also some buyers who are ready to buy bitcoin when the price goes down so in such situations we will not see such a huge dump but halving will turn the bitcoin into more successful asset.

[tranthidung]

Today, let's have a closer look at Bitcoin price drawdowns since FTX crash

Corrections after FTX crash are usually up to -15% and with catalyst from Bitcoin Spot ETF, if you see -15% correction in this bull run, don't hesitate to buy. Hesitate again and again, you will miss this bull run and worse, will join around the end of the parabolic curve.

You can compare it with previous cycles too as I posted days ago in OP.
Another view visually from ecoinometrics.

Only last four years, price corrections are about -11% or larger than that. It is not a first time ever Bitcoin has had such larger than -10% corrections.

[jeraldskie11]

I believe that this figure is not only helpful for newbies but also the majority of us who didn't know this information yet. There are lot of investors who has been crypto for years but still didn't understand the market cycle of Bitcoin. And others who know about this yet but still end up being controlled by their emotions, this post really helps them since it refreshes them that what's happening in the market right now is need to be happen. Sometimes if our emotions will lead us, we can't analyze things at its best which will result for decision and outcome, this is a good reminder to me.

[Charles-Tim]

One thing about bull market is that bitcoin price will not continue to increase, there are times of retracement just like what happened yesterday and today as bitcoin fall from 73800 to $65600. We can remember in 2020/2021 when bitcoin fall from $63500 to a price below $30000. That was during Elon Musk manipulation and Chinese crackdown on bitcoin. It was around May 2021 I guess. Not knowing that bitcoin has not gotten to all-time-high. Bitcoin later got to all-time-high in November 2021. So if the price decrease, people should not panic if they are not in need of the money for now, the price will far more surpass $73600 which is the present all-time-high.

[bounceback]

Last few hour bitcoin get large correction after success breaking out to $73k have dropped to $65k and most drastically correction since success make new all time high price.
In this position make us little doubt several days left before halving will have another correction again or bitcoin will recovery more higher price than $73k.
Usually the bitcoin halving cycle happening after halving time not before halving, but this time bitcoin success make several time new all time high price but always has moment get more correction. I can't sure is the last correction before halving time left several days later.