Analysis of historical patterns and indicators of China; How long does a bitcoin bear market last?
The statistics on Bitcoin’s historical declines are also encouraging: data shows that when Bitcoin experiences heavy losses of 50-70%, those who bought at the same price floors often made significa profits over the next year.
In the curre situation, the $60,000 range is considered a very importa level. If the price can stay above this level, the selling pressure will be less and the hope for the return of the trend will increase. But if this support is lost, there is a possibility of iensifying fear and falling deeper.
