Previous bitcoin cyclic crashes have bottomed out at around "80ish"% down average. We have reached that range now in the 14k-16k range.

AR15s-4-jesus
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Previous bitcoin cyclic crashes have bottomed out at around "80ish"% down average. We have reached that range now in the 14k-16k range.

Just an interesting observation in light of current events. Approx history of peaks vs the bottoms between peaks here (not exact, but a quick chart glance approximation):

Jan '11 peak: 28
Nov '11 bottom: 2
93% devaluation

Apr '13 peak: 230
Jul '13 bottom: 66
72% devaluation

Dec '13 peak: 1147
Aug '15 bottom: 209
82% devaluation

Dec '17 peak: 19k
Dec '18 bottom: 3200
84% devaluation

Nov '21 peak: 65k
Nov-Feb '22 bottom??: 13-16k??

In any case, imo it's not worth fully considering the asset as a lost cause unless it breaches 95% devaluation. Something around 3-4k. It's never done that before. But anywhere in the 80ish to low 90ish devaluation range, it's "been there done that".