Bitcoin bull market correction drawdowns

[tranthidung]

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.

They will definitely get panic if they borrow money to buy bitcoin, use leverages, trade futures. Even they have strong mentality and are not panic, they will still get forced liquidations from exchanges.

Being strong is not enough, having proper capital management is more important.

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.

I guess you wanted to say about a Bitcoin bull run only starts afters its halving in the last three halvings and past three bull markets. I don't understand about halving cycle. 

In past cycles (each cycle includes a Bitcoin halving, bull market and bear market), Bitcoin often has market wash out to clean the market before a bull run after halving.

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.

Hope it will help someone but people are easily to forget what they see, read, hear and repeat their mistakes again.

[Faisal2202]

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

Hmm I guess you are right, the issue was on my side because now the picture is working fine on my side. Sorry for the fuss.

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.

I can't agree more with you because history does repeat itself but all that changes is the sentiments of the new people coming into the market and as we know the price is influenced by the demand and supply and if these newcomers are bullish then the market will make moves accordingly and vice versa. Well, the point is, that BTC SPOT ETFs are a big victory that has influenced a great number of people to come into the crypto sphere, and in the long run BTC's future is bright.

ETFs have broken the previous pattern that BTC was making well good thing is this pattern turns out to be a bullish one.

[armanda90]

After hitting new higher price above $73k, bitcoin have got two correction time and get difficult recovery back to higher price, currently bitcoin still dropping around $67,400 and have been two days since hit the new higher price.  Can't stopping with bigger correction impact and bitcoin still difficult recovery up to higher price although in last week have good trend keep stable in the higher price.
Its become the last correction for bitcoin or have other moment bitcoin keep going down again, left one month before halving more expected bitcoin can pump drastically and stable on higher price without large amount of correction.

[pacar_tiri]

After hitting new higher price above $73k, bitcoin have got two correction time and get difficult recovery back to higher price, currently bitcoin still dropping around $67,400 and have been two days since hit the new higher price.  Can't stopping with bigger correction impact and bitcoin still difficult recovery up to higher price although in last week have good trend keep stable in the higher price.
Its become the last correction for bitcoin or have other moment bitcoin keep going down again, left one month before halving more expected bitcoin can pump drastically and stable on higher price without large amount of correction.

The price of Bitcoin has experienced a price correction of up to two times then that is a signal to leave the exchange and change all asset capital to USDT because as you can see currently a lot of coin prices on the exchange have collapsed, the collapse of the Bitcoin price on the exchange has given Very fast impact on all altcoins on the exchange.

[UNIVERSE]

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.

I guess you wanted to say about a Bitcoin bull run only starts afters its halving in the last three halvings and past three bull markets. I don't understand about halving cycle. 

In past cycles (each cycle includes a Bitcoin halving, bull market and bear market), Bitcoin often has market wash out to clean the market before a bull run after halving.

Honestly, I thought so. That's why now, it's quite surprising that before the halving, the bullrun signal is already there. And even the price of BTC has exceeded last season's ATH, continuing its positive trend to continue to rise in price and trying to penetrate its highest ATH again. Is it possible that the bullishness will be faster this time and will it end sooner too?

After hitting new higher price above $73k, bitcoin have got two correction time and get difficult recovery back to higher price, currently bitcoin still dropping around $67,400 and have been two days since hit the new higher price. 

It even touched $65.7k for its lowest level. So, this correction is quite deep. But, this didn't last long, because I did several re-tests to get to another top point. It's just that it takes a little more time. Currently, it is still in the correction phase. But who knows whether this will continue until the halving or not. I think, this will only happen in a few days and will come back again to continue the positive trend of printing a new ATH again.

[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.

Hope it will help someone but people are easily to forget what they see, read, hear and repeat their mistakes again.

That's why learning should not be end here. Nobody's perfect that's why we all sometimes forgot what we have learned. So we should keep repeating the things we want to keep in our mind. Just like forecasting the market, to become the best forecaster we should always study how the market goes day by day. In this way, it become easy for us to read the market.

[yhiaali3]

Of course, these charts will be very useful for beginners to reduce their fear. For market experts who have experienced more than one Bitcoin cycle, this correction will not worry them at all.

I mentioned several times in several posts that the correction is very healthy for achieving a healthy rise. The correction restores the market’s balance and creates a suitable situation to continue the rise. In my opinion, the bigger the correction, the bigger the next jump, so I expect a big jump after this big correction.

[vegasus]

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.

They will definitely get panic if they borrow money to buy bitcoin, use leverages, trade futures. Even they have strong mentality and are not panic, they will still get forced liquidations from exchanges.

And as usual, this cycle seems like happening again and again, for newcomers, especially. And what's more to happen is that they'll lose  the money, being stress and depressed, and then, blame crypto.  More often, those who do this are people who don't understand enough. And they only think about big profits, without any thorough preparation. In this case, we probably understand exactly what will happen next.
Panic and greed without good understanding and knowledge, are the best combination to fail easily.

[tranthidung]

You can access a free chart from Glassnode with similar information like the chart given by Crypto Quant.

• Bitcoin: Bull Market Correction DrawDowns
• https://studio.glassnode.com/workbench/bf532ce2-a66b-4798-6deb-bf3ba7decc59

You can zoom in to see the chart with different time frames like 1Y.

[Litzki1990]

The graphic you have presented will be very difficult for beginners to understand because beginners will not have much idea about this graphic and also they will not understand it well.  But those who have some idea may understand something from your graphic. When it comes to market movement, we see many such graphs or charts that give us some idea of what the next movement of the market might be. Although this type of graphic does not work 100%, still some idea about the market can be taken from this type of graphic or chart. People who understand a bit of charts or who have some idea about graphics will definitely understand this graphic that you shared.

[tranthidung]

The graphic you have presented will be very difficult for beginners to understand because beginners will not have much idea about this graphic and also they will not understand it well.  But those who have some idea may understand something from your graphic. When it comes to market movement, we see many such graphs or charts that give us some idea of what the next movement of the market might be. Although this type of graphic does not work 100%, still some idea about the market can be taken from this type of graphic or chart. People who understand a bit of charts or who have some idea about graphics will definitely understand this graphic that you shared.

I don't see big challenge to understand the graphic. The only one newbies might not be familiar with is Drawdown but if they are curious about that, want to understand the chart, they can Google or ask ChatGPT "What is Drawdown?"

Then, I am quite sure that they will understand the term and get straightly to meaning of the chart.

There are notes on the chart for most important information and it is easily to understand too.

Drawdown: What It Is, Risks, and Examples

[Jamal Aezaz]

That's why learning should not be end here. Nobody's perfect that's why we all sometimes forgot what we have learned. So we should keep repeating the things we want to keep in our mind. Just like forecasting the market, to become the best forecaster we should always study how the market goes day by day. In this way, it become easy for us to read the market.

Learning does not ends therefore if you are not in touch with your field then you will forget the necessary things which you have learned earlier. Experience is the best thing so if you are repeating again and again then you will ne engaged with that thing and will not forget because you will face that thing on daily basis.

 Learn well and then utilize your knowledge in better ways because if you don't use it then you will not remember it and as the time passes it will skip from your mind.

[Primo1760]

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%.

The graphic chart you have created here can be very helpful for beginners if they understand this chart well. If newbies do not understand this chart well, they may not find it very helpful. But should always plan to hold long if the investment can be held for long term then market correction will not keep you in any fear. I'm not worried at all about this market correction because I know the market will grow more and generate new ATH in the coming bull run. My main goal right now is to grow bitcoin investments because I know bitcoin will grow and grow more in bull markets and everyone will be more successful with their investments.

[tranthidung]

The graphic chart you have created here can be very helpful for beginners if they understand this chart well.

You can access it directly on CryptoQuant, but you must create a free account, then visit the following link to access that chart.

• https://cryptoquant.com/community/dashboard/650de954ca432c72d6ef82b1
• There are more charts from AxelAdlerJr on that dashboard.
• When you have an account, you can access the chart, zoom in and zoom out.

If newbies do not understand this chart well, they may not find it very helpful.

The chart has good summary and basic information which is not difficult for newbies to get its meaning.

[0t3p0t]

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.

Yeah most futures traders will benefit more on these up and down trends. I was once doing that as well but I am not that good at it so I need to study more about it so I can grab those opportunities offered by those trends.  But still it is beneficial for DCAers as well since it has all the basic information needed in a buy transaction.