Quick Take
- Bitcoin (BTC) is roughly 80% up from the lows which were put in back November 2022 when Bitcoin was trading around $15,500 during the FTX collapse.
- It is important to understand previous cycles in terms of bear market rally performances.
- This chart has been broken down into five different cycles, and it appears — based on historical data — that we are playing in a very similar trend.
- Whereas in each prior at this exact moment of the cycle, we have put in a similar bear market rally bounce.
- 2012: 105%
- 2015: 90%
- 2019: 79%
- 2020: 90%
- 2023: 80%
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