This dip is right on track with previous bull cycles

I got interested in Bitcoin in January 2021 and happened to see that Bitcoin had just “crashed” from $40k to $30k (-25%). Everyone was saying this was the time to buy, so I did. This is just like the last bull run.

That 25% dip was about 245 days after the 2020 halving. This dip is about 312 days from the 2024 halving and almost -25% from the all-time time high of $109k. That doesn’t mean it can’t or won’t dip lower or for longer before breaking out, but this is just like the previous drawdowns in past cycles.

Edit: and don’t forget the huge drawdown from $60k back down below $40k in the summer of 2021 before reaching a new all-time high.