Bitcoin price history, ATHs and bottoms.

[arjunmujay]

That's relatable to my thoughts as this time I don't see the pattern repeating because we have had BTC ATH before the halving which was not the case in previous halving cycles. This year looks bit different but we cannot rule out correction phase as some of us are saying there won't be corrections or very little correction but we cannot rule anything on that as only time will tell us about it.

Very true, even if you look at Bitcoin's historical data. every halving there will definitely be a pretty bad dump. and it happens over and over again.
but apparently not with the halving this time, because bitcoin continued to print new ATHs even before the halving occurred.
Maybe this is because many world investors are starting to look at and dive into the world of bitcoin. Moreover, it has been facilitated by the Bitcoin ETF.

[1714577711]

1714577711

[tygeade]

That's relatable to my thoughts as this time I don't see the pattern repeating because we have had BTC ATH before the halving which was not the case in previous halving cycles. This year looks bit different but we cannot rule out correction phase as some of us are saying there won't be corrections or very little correction but we cannot rule anything on that as only time will tell us about it.

Very true, even if you look at Bitcoin's historical data. every halving there will definitely be a pretty bad dump. and it happens over and over again.
but apparently not with the halving this time, because bitcoin continued to print new ATHs even before the halving occurred.
Maybe this is because many world investors are starting to look at and dive into the world of bitcoin. Moreover, it has been facilitated by the Bitcoin ETF.

I do agree that right before it could happen, but right after I do not think so. It is quite clear that it usually doesn't take this quickly to go above ATH, if you look at all the historical data, usually ATH is broken nearly end of the year at halving season, not before the halving, so we did something nobody really expected to see. I think that is why it's a little bit shocking to the world and we do not really know what to do.

I understand a lot of people are expecting to see something major, like 100k+ for example but at this point we have no clue how high it can go. I think it should be something that could be quite marginal and could actually make a lot of money for the long term as well, that should be the key.

[arjunmujay]

~snip~

I understand a lot of people are expecting to see something major, like 100k+ for example but at this point we have no clue how high it can go. I think it should be something that could be quite marginal and could actually make a lot of money for the long term as well, that should be the key.

So actually, the ATH that Bitcoin has reached recently, in the next few years will actually be the bottom if we but hold Bitcoin.
For example, now the ATH is $75,000, it could be in the next 1 or 2 years, or even the next halving. This price is very cheap to buy today. so it's never too late to buy bitcoin.

[tranthidung]

So actually, the ATH that Bitcoin has reached recently, in the next few years will actually be the bottom if we but hold Bitcoin.
For example, now the ATH is $75,000, it could be in the next 1 or 2 years, or even the next halving. This price is very cheap to buy today. so it's never too late to buy bitcoin.

Price can be cheap for you but can be expensive for others. Different people have different views on how cheap or expensive Bitcoin is and different knowledge, belief in future of Bitcoin. There is no same opinion on it.

Furthermore, with different financial statuses, different people will have different capital that can be spent for investment as well as different time frames to stay in this market before cashing out for their spendings.

Anyone who don't know about Bitcoin total supply and how it was coded, controlled supply, what will ever appear more in future, let's read.

• How is the 21 Million Bitcoin Cap Defined and Enforced?
• Controlled supply
• Equivalent Network Time

[bbc.reporter]

Yeah right now we are on a similar path as those in the past during the halving period. Generally we go up exponentially and this time we've been rallying before the halving which is fairly new, especially since we broke the ATH. Halving will be most likely on April 20 or around that day.

Currenly we got tons of money entering crypto. We had $2B in tether print yesterday, every stock trading session we got +$500M in new flows, we also got Saylor which bought $800M worth of BTC at like $60K. Most likely as MSTR keeps rallying he will keep issuing those convertibles notes and will keep buying them and the price of the stock will rally and he will sell more and buy more bitcoin.

Doesnt look like the train is stopping anytime soon.

Agreed on this train might not stop, however, it appears that the market makers have begun punishing these late buyers and the whales appear to be using them as exit liquidity. On March 5 many traders were liquidated. On March 12 and 14, another liquidation of late buyers. Also preently, another liquidation. These traders will not buy again on this price or they have no more money to buy hehehehehe. The people who were bearish for much of the pump and have quickly become bullish are a warning sign that it might be the situation to become a contrarian. They are very much similar to our favorite uncle Jim Cramer.

[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.

The All time Average Drawdown in bull markets is -15%.

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.

[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.

[shinratensei_]

~snip~

I understand a lot of people are expecting to see something major, like 100k+ for example but at this point we have no clue how high it can go. I think it should be something that could be quite marginal and could actually make a lot of money for the long term as well, that should be the key.

So actually, the ATH that Bitcoin has reached recently, in the next few years will actually be the bottom if we but hold Bitcoin.
For example, now the ATH is $75,000, it could be in the next 1 or 2 years, or even the next halving. This price is very cheap to buy today. so it's never too late to buy bitcoin.

the thing is that bitcoin hasn't yet reached the halving i don't believe personally that bitcoin can't go up again because of halving is still upcoming we should also recognize that the bitcoin ETF market is so hit that it actually contributed large amount of capitals.

I'm sure that in the future bitcoin will eventually reached $100k and im not talking about far future its more likely that it will be reached by the end of the year if things keep going, the recent correction is kinda normal if you see the chart we are at accumulating point where there gonna be correction after some big rally but we haven't reached the massive rally that gonna increase bitcoin into another level.

the current all time high in the future will be what bottom of bitcoin looks like when the bearish hits.
I personally still faithful enough to hold any amount of bitcoin even tho its not that significant anyway but im sure it could give good profit in the long run.

[dzungmobile]

the thing is that bitcoin hasn't yet reached the halving i don't believe personally that bitcoin can't go up again because of halving is still upcoming we should also recognize that the bitcoin ETF market is so hit that it actually contributed large amount of capitals.

There are many Bitcoin Spot ETFs so even Grayscale ETF causes a lot of outflow pressure, there are other Bitcoin Spot ETFs that are buying more than what Grayscale can sell so the Netflow is actually positive.

The rate of buying is slowing down but it's normal when new investors naturally worry about correction. They will rejoin when the correction is completed.

the current all time high in the future will be what bottom of bitcoin looks like when the bearish hits.
I personally still faithful enough to hold any amount of bitcoin even tho its not that significant anyway but im sure it could give good profit in the long run.

It's smart to hold your bitcoins.

Don't sell your bitcoins to Wall Street companies and new investors in this cycle too early when the bull market is only started.

[dunfida]

~snip~

I understand a lot of people are expecting to see something major, like 100k+ for example but at this point we have no clue how high it can go. I think it should be something that could be quite marginal and could actually make a lot of money for the long term as well, that should be the key.

So actually, the ATH that Bitcoin has reached recently, in the next few years will actually be the bottom if we but hold Bitcoin.
For example, now the ATH is $75,000, it could be in the next 1 or 2 years, or even the next halving. This price is very cheap to buy today. so it's never too late to buy bitcoin.

the thing is that bitcoin hasn't yet reached the halving i don't believe personally that bitcoin can't go up again because of halving is still upcoming we should also recognize that the bitcoin ETF market is so hit that it actually contributed large amount of capitals.

I'm sure that in the future bitcoin will eventually reached $100k and im not talking about far future its more likely that it will be reached by the end of the year if things keep going, the recent correction is kinda normal if you see the chart we are at accumulating point where there gonna be correction after some big rally but we haven't reached the massive rally that gonna increase bitcoin into another level.

the current all time high in the future will be what bottom of bitcoin looks like when the bearish hits.
I personally still faithful enough to hold any amount of bitcoin even tho its not that significant anyway but im sure it could give good profit in the long run.

Different cycles would really be having that kind of different possible situations that did happen, specially with that ETF thing that we do talk about on which we do really believe that it is one of the
sole reasons on why we are really that experiencing out these kind of pumps on which we didnt thought that Bitcoin would really be able to break new ATH's before halving period
on which if we do tend to look up on previous cycles on which it isnt really just that something like this. Reasons? No one cant point out precisely but we arent really that blind
about into those news and fundamentals that happen around.

It is really just that if things turns out to be bullish then expect prices would go up. We are all really just that mind boggling about on whats the
CONS of this ETF acceptance or such recognition on which there are people who do keep on discussing about such stuff.

[arjunmujay]

So actually, the ATH that Bitcoin has reached recently, in the next few years will actually be the bottom if we but hold Bitcoin.
For example, now the ATH is $75,000, it could be in the next 1 or 2 years, or even the next halving. This price is very cheap to buy today. so it's never too late to buy bitcoin.

the thing is that bitcoin hasn't yet reached the halving i don't believe personally that bitcoin can't go up again because of halving is still upcoming we should also recognize that the bitcoin ETF market is so hit that it actually contributed large amount of capitals.

I'm sure that in the future bitcoin will eventually reached $100k and im not talking about far future its more likely that it will be reached by the end of the year if things keep going, the recent correction is kinda normal if you see the chart we are at accumulating point where there gonna be correction after some big rally but we haven't reached the massive rally that gonna increase bitcoin into another level.

the current all time high in the future will be what bottom of bitcoin looks like when the bearish hits.
I personally still faithful enough to hold any amount of bitcoin even tho its not that significant anyway but im sure it could give good profit in the long run.

Different cycles would really be having that kind of different possible situations that did happen, specially with that ETF thing that we do talk about on which we do really believe that it is one of the
sole reasons on why we are really that experiencing out these kind of pumps on which we didnt thought that Bitcoin would really be able to break new ATH's before halving period
on which if we do tend to look up on previous cycles on which it isnt really just that something like this. Reasons? No one cant point out precisely but we arent really that blind
about into those news and fundamentals that happen around.

It is really just that if things turns out to be bullish then expect prices would go up. We are all really just that mind boggling about on whats the
CONS of this ETF acceptance or such recognition on which there are people who do keep on discussing about such stuff.

bitcoin ETF cons that occur can actually make people who still don't understand or even don't know at all about bitcoin can hear too and can be curious about bitcoin. for me it is good news because it can bring people who don't know bitcoin to be curious about what bitcoin is. and how big bitcoin is until it has to go into ETF. not infrequently even those who were not interested in bitcoin, after the ETF even glanced and at least tried the beauty of investing here, compared to stock market assets in general.

when many investors have entered bitcoin, it can certainly make the price of bitcoin fly even higher because there is more demand than usual.

[tranthidung]

There is another site for us (free access) to check Bitcoin bull market correction drawdowns.

• https://checkonchain.com/btconchain/technical/technical_drawdowns_bull/technical_drawdowns_bull_light.html
• Two others (as I introduced previously) are
  
  • https://studio.glassnode.com/workbench/bf532ce2-a66b-4798-6deb-bf3ba7decc59
  • https://cryptoquant.com/community/dashboard/650de954ca432c72d6ef82b1. Create an free account on Crypto Quant and get access to this dashboard.

[Claymore2]

Though there are some changes between the historical and current Bitcoin cycles, the trends are comparable. Before experiencing large drops, Bitcoin broke prior all-time highs in both cycles. This points to the possibility of fresh highs beyond $200k, with corrections above $60k by 2026 predicted to range from -93% to -77%. For chart analysis, logarithmic scales offer important insights into long-term patterns, even though some people favor linear scales. Furthermore, Bitcoin has proven to be resilient over time, showing lower value loss in down markets and higher bottoms following each bull run, which indicates rising investor trust in the asset even under trying circumstances.

[Nrcewker]

We can see that the dips percentage are decreasing overall. This means that more investors are joining in for Bitcoins and investing years by years. Hence this time also if we see a dip, then it will be less than 77% as mentioned in the OP. So people won’t have bigger chances to buy the coins for cheap. If you are someone who waiting for right moment to buy the coin, then let me tell you that, you will keep on waiting like this. No perfect moment will ever come.

[JoyMarsha]

My guess is that we might not see such huge corrections in this cycle, we will see

What happened in the previous halving of how the bitcoin correlates downwards via bitcoin price is what we are going to see yet again. The difference we can point out at this time during this upcoming halving to others that have happened is Bitcoin succeeded in giving ATH before halving. As for the dip in the price after the halving, we are going to see the same thing happening and many investors will like to accumulate more bitcoin to that.

[tranthidung]

We can see that the dips percentage are decreasing overall. This means that more investors are joining in for Bitcoins and investing years by years. Hence this time also if we see a dip, then it will be less than 77% as mentioned in the OP. So people won’t have bigger chances to buy the coins for cheap. If you are someone who waiting for right moment to buy the coin, then let me tell you that, you will keep on waiting like this. No perfect moment will ever come.

We see a trend of shrinking in both parabolic growth of Bitcoin bull runs and bottoms from ATHs. What you say is true with price data from past market cycles and I believe it will continue.

With bigger marketcap, Bitcoin will have less growth with each new market cycle but bigger marketcap will help Bitcoin has smaller correction from ATH to its bottom in one market cycle.

It is always hard to focus on one market cycle but if we zoom out, we will see it more easily. Since the last halving in May 2020, Bitcoin is already up 728%.

[AakZaki]

We can see that the dips percentage are decreasing overall. This means that more investors are joining in for Bitcoins and investing years by years. Hence this time also if we see a dip, then it will be less than 77% as mentioned in the OP. So people won’t have bigger chances to buy the coins for cheap. If you are someone who waiting for right moment to buy the coin, then let me tell you that, you will keep on waiting like this. No perfect moment will ever come.

Cheap prices depend on how far the selling target will provide profits. If you buy bitcoin now then the sell target is ATH $100k more then it is still quite cheap now, but buying when the market crashes and there is a lot of FUD circulating will be better. This is buying at the right opportunity, not buying because of ongoing FOMO.

[Zanab247]

We can see that the dips percentage are decreasing overall. This means that more investors are joining in for Bitcoins and investing years by years. Hence this time also if we see a dip, then it will be less than 77% as mentioned in the OP. So people won’t have bigger chances to buy the coins for cheap. If you are someone who waiting for right moment to buy the coin, then let me tell you that, you will keep on waiting like this. No perfect moment will ever come.

Investors use to show interest to invest in BTC in the bear run, even though they have invested before, but the moment money enter their hands is to store them in BTC because they know that bull run will surely come up in the future before they can sell.

 Since there is a little change in the market price, and the lowest the price will reach this year before other people will know that the bear season is $50k, which the price is dumping to that level for people to buy BTC and hodl.

Like those that have the money surplus can buy at anytime, but those that want to start the investment with little money will like to wait for the price to reduce low before they can buy from the market.

[tranthidung]

but buying when the market crashes and there is a lot of FUD circulating will be better. This is buying at the right opportunity, not buying because of ongoing FOMO.

This is big challenge for all people in the market and for newbies, it is a more severe challenge. I used to be like this years ago when I was a newbie and I laugh when people say that any investor who get profit from Bitcoin investment is because of luckiness.

Luckiness is important in our life but I disagree with these people. Because you can not get profit if you don't accumulate Bitcoin in bear market or even in bull market with some fake cancelled bull run dips. You only can have chance to get profit if you determinant with purchase. It is your action to decide how you spend your capital and how you will get profit with investment.

If you are outsiders like these people, you will be like them, or like a famous man Peter Schiff, never buy bitcoins and never get profit from it.