Bitcoin: 54.2% Drawdown Matches Prior Cycles
Bitcoin 54.2% drawdown equals 1.94 standard deviation move in line with past bear markets; 47% bounce fails to confirm bottom per Binance Research.
SourceAnalysis
Bitcoin posted a 54.2% drawdown that volatility adjustment converts into a 1.94 standard deviation event, placing it squarely in line with the three previous bear markets, Binance Research stated.
Price sits at $85885.07 inside a bullish structure defined by EMA50 support at $84690.28 and EMA200 at $81461.2; the 4h MACD golden cross at 456.03 keeps momentum intact while the pair trades inside the Bollinger band with upper resistance at $86688.51, indicating that any extension higher will likely require a retest of the 50-EMA before continuation.
Binance Research
@BinanceResearchAs the official research arm of Binance, this account publishes institutional-grade analysis and in-depth reports on digital assets, blockchain ecosystems, and Web3 technologies. The content delivers data-driven insights into market trends, protocol developments, and macroeconomic factors influencing the cryptocurrency industry.
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