The S&P 500 has officially entered correction territory, marking a 10% decline from its all-time high. Historically, the index has seen multiple 20% corrections since Bitcoin’s inception in 2009. Notable drops include a nearly 60% plunge following the 2008 global financial crisis, a 20% decline in 2019 during Bitcoin’s bear market, and a 40% drop in March 2020 amid the Covid-19 crash. In 2022, the index corrected by 25%. During these periods, Bitcoin experienced significant declines as well: an 85% drop from its peak in 2019, a 60% loss in 2020, and a further 25% decrease to a cycle low of $15,000 in 2022. Currently, Bitcoin has fallen 30% from its all-time high during this correction. Such patterns are typical in bull market corrections, with the most recent 30% correction occurring in August 2024 during the yen carry trade unwind.
Nonso Trades
@Nonso_trades
·
Mar 13 Potential drop on BITCOIN
It’s looking really heavy for Bitcoin I can see a breakout and retest happening at the moment
But I’m a bit skeptical about the retest because of the timeframe
So contingency plans have been pened down
60% bearish
Stevie $XRP
@EsotericKang
·
Dec 26, 2024 Okay, holy shit $BTC.D just flash crashed to 0 and confirmed the Mr Pool “Bitcoin Manipulation” delta I shared yesterday Bitcoin dominance just dropped from 58.43% to 0 flat, and then jumped up and closed a 15m candle at EXACTLY 58.9%!! GET IN HERE $XRP FAM
8/25 12/25
CryptoInsighPro
@VictorB39400
·
Mar 13 Bitcoin Dominance drops after rejection at 62.25%!
After two failed attempts, BTC.D is cooling off, with liquidity flowing into lowcaps. This could be the start of a broader downtrend or a fakeout like before Time will tell.
#BTC #Crypto #Bitcoin
Surf2000
@JToddBurt1
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Mar 12 Bitcoin: Confirmed daily green dot bullish divergence on Market Cipher B. Plus confirmed reversal on Alpha Trend. Chances of making a new macro low getting thinner by the day. Get back above 86k and close weekly candle above, new all time high and much higher likely.
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