Bitcoin (BTC), It experienced a significant decline, falling 25% in just 10 days.

Economist Timothy Peterson, known for his expertise in cryptocurrency trends, said that such a sharp decline is rare. “Bitcoin fell -25% in 10 days. This has only happened 45 times since 2015,” he said.

Peterson looked at historical data to give investors an idea of ​​what to expect in the coming days. According to his analysis, on average:

  • 10 days after the drop: In 62% of historical examples, Bitcoin recovered with an average gain of 17%. Conversely, if the downtrend continued, the average loss was around 7%.
  • 20 Days After the Drop: The recovery picture becomes more nuanced. Bitcoin only fully recovered 15% of the time. More worryingly, Bitcoin continued to fall in 35% of the cases, with additional losses ranging from 7% to a staggering 30%.

According to the analyst, historically speaking, an additional 15% drop in BTC price seems reasonable.

*This is not investment advice.

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Source: https://www.bitcoinsistemi.com/ekonomist-timothy-peterson-bu-dusus-bitcoinde-daha-once-45-kez-gorulmustu-dedi-bundan-sonra-bekledigi-fiyat-hareketini-acikladi/



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