Bitcoin

<h2 id="quick-take">Quick Take</h2>
<ul>
<li>Bitcoin (<a href="http://www.cryptoslate.com/coins/bitcoin">BTC</a>) is roughly 80% up from the lows which were put in back November 2022 when Bitcoin was trading around $15,500 during the FTX collapse.</li>
<li>It is important to understand previous cycles in terms of bear market rally performances.</li>
<li>This chart has been broken down into five different cycles, and it appears — based on historical data — that we are playing in a very similar trend.</li>
<li>Whereas in each prior at this exact moment of the cycle, we have put in a similar bear market rally bounce.</li>
</ul>
<ol>
<li>2012: 105%</li>
<li>2015: 90%</li>
<li>2019: 79%</li>
<li>2020: 90%</li>
<li>2023: 80%</li>
</ol>
<figure id="attachment_322050" aria-describedby="caption-attachment-322050" style="width: 1800px" class="wp-caption aligncenter"><img class="wp-image-322050 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/05/pop.png" alt="Bear Market Rally: (Source: Glassnode)" width="1800" height="1013" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/pop.png 1800w, https://cryptoslate.com/wp-content/uploads/2023/05/pop-300x169.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/pop-1024x576.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/pop-768x432.png 768w, https://cryptoslate.com/wp-content/uploads/2023/05/pop-1536x864.png 1536w" sizes="(max-width: 1800px) 100vw, 1800px" /><figcaption id="caption-attachment-322050" class="wp-caption-text">Bear Market Rally: (Source: Glassnode)</figcaption></figure>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/insights/bitcoin-bear-market-rally-performance-how-does-it-compare-to-previous-cycles/">Bitcoin bear market rally performance, how does it compare to previous cycles?</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Bitcoin bear market rally performance, how does it compare to previous cycles?

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