Bitcoin is up higher and faster this run (Patreon)
Published:
2023-10-24 16:10:29
Imported:
2023-11
Content
In this time is different news - Orange line current cycle is up higher and earlier than previous cycles.
This chart provides a visualization of the historical drawdowns in Bitcoin's price across different "halving" cycles. Here's a breakdown:
- X-Axis (Duration in days): This axis represents the duration of time in days. It's a timeline that helps to visualize how long each bear market lasted.
- Y-Axis (Size of the drawdown): This axis shows the percentage decrease from a previous peak (or all-time high) in Bitcoin's price. A drawdown is the peak-to-trough decline during a specific period for an investment. For example, a -50% drawdown indicates that the price decreased by half from its previous peak.
- Color-coded Lines:Green Line (Bear market of the 1st halving cycle): Represents the drawdowns during the bear market following Bitcoin's first halving event.
Orange Line (Bear market of the 2nd halving cycle): Represents the drawdowns during the bear market after Bitcoin's second halving.
Blue Line (Current bear market): Represents the drawdowns in the most recent or ongoing bear market. - Annotations:It also notes that the past two bear markets saw Bitcoin reclaim its all-time high approximately 1000 days after the start of the bear market.
Specific drawdown milestones are marked:Bottom at -77% after 365 days.
Bottom at -84% after 364 days.
Bottom at -85% after 411 days.