Bitcoin: Data Debunks Perfect Cycle Timing Claims
Bitcoin bear markets posted drawdowns of 77-93% lasting 163-406 days with mean 327 days as BTC trades at $61411.73 testing upper Bollinger resistance.
SourceAnalysis
Bitcoin cycle timing claims from anonymous 4Chan posts lack support, with prior bear markets delivering drawdowns between -93% and -77% across spans of 163 to 406 days, a mean duration of 327 days and median of 371 days according to André Dragosch. Current price action at $61411.73 shows price testing upper Bollinger resistance at $61576.9 while the RSI(14) holds neutral at 60.23 and MACD registers a bullish golden cross at 181.05, pointing to a probable retracement toward the EMA50 support at $60499.91 before any extension higher. Traders tracking BTC price prediction models and crypto market crash scenarios should note that Bitcoin cycle top analysis remains variable rather than fixed to any 364-day rhythm.
André Dragosch, PhD | Bitcoin & Macro
@Andre_DragoschEuropean Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.