Crypto correction could be just the calm before the storm
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By this point in the previous bull market, bitcoin was well on its way to its first cycle top.
Those peaks are always obvious in retrospect. Bitcoin had exploded from $10,000 to more than $60,000 in six months. Looking back, the market was overdue for a correction, and bitcoin retraced by around 50% over the next eight weeks.
This leads us to the obvious question today: Is this sea of red the start of a similar correction?
Below plots bitcoin price action over the bull market to date in purple (starting at the bottom of the previous bear market in November 2022), compared to the bull market returns from the cycle that started in…
