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Does this mean we need to go lower?

jondoe - 2024-06-26 20:07:39

Bitcoin has yet to see a 30% draw-down since the lows of 2022


This is pretty surprising…


BItcoin hasn't seen a single 30% drawdown since we made those lows during this cycle.


Check it out:


image.png


(Source: https://x.com/BitcoinNewsCom/status/1805723695383519252/photo/1)


Right now we are in the midst of a 22% drop, does that mean it needs to go lower?


Maybe, maybe not…


We are about to find out.