Bitcoin All Time High Drawdown - Bottom has been in.
GLASSNODE:BTC_ATHDRAWDOWN
Bitcoin: The percent drawdown of the asset's price from the previous all-time high
This chart shows the amount price has dropped from all time high to all time low during each bitcoin market 'cycle'. Each cycle's price action obviously being fueled by Bitcoin's Proof of Work Halving.
As you can seek, the bottom trendline (market bottoms) shows a 4 degree slope upwards, with the top trendline (market tops) having a slight slope downwards.
Both signify a reduction of percentage dropped in price from cycle All Time High.
In short (heh), what I mean to say is: a decade of data points are showing that this is a great area to be loading up for the next crypto bull run. Don't let the market FUD cloud your vision.
Stay savvy.
As always, this is not financial advice.
As you can seek, the bottom trendline (market bottoms) shows a 4 degree slope upwards, with the top trendline (market tops) having a slight slope downwards.
Both signify a reduction of percentage dropped in price from cycle All Time High.
In short (heh), what I mean to say is: a decade of data points are showing that this is a great area to be loading up for the next crypto bull run. Don't let the market FUD cloud your vision.
Stay savvy.
As always, this is not financial advice.
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Still lookin good, babies. WAGMI.
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How is everyone doin? Hangin' in there? So good. :D