CoinDesk (@CoinDesk): Analysis: At a 47% drawdown, $BTC's current bear market is modest by historical standards, previous cycles have seen drawdowns of over 90%.
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- BTC+20Positive
Analysis: At a 47% drawdown, $BTC's current bear market is modest by historical standards, previous cycles have seen drawdowns of over 90%. The trend shows cycles gradually softening over time, pointing to a potential bottom somewhere in the 60-70% range for #Bitcoin.