Is this just another retreat? A look back at the worst decline in Bitcoin

Bitcoin continues to obtain newspaper headlines – not only for its role in reshaping global financing, but because of the amazing growth over the years.

As of this month, bitcoin price is traded at $ 78,837. In April 2024, it was traded at $ 69,36. Once again in 2023, Bitcoin amounted to $ 28,353.

Bitcoin has always been a volatile market, and often suffering from sharp drops from its highest levels.

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Previous examples include 2013-2015 MT. Gox Drawdown by 86 %, Correct 2017-2018 during the repression China and Boom ICO, Covid 2020 flash with 72 % drag, with the isolation marina 2022 currently 28 %.

Source: TradingView (user source and screen shot – Noteetrades)

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From wild fluctuations to stability: advanced bitcoin fluctuation

Playing volatility is a major role in these clouds. In the early stages of Bitcoin, there was not much institutional support as is the case today, which increased fluctuations on the upper side and the negative side.

During the past few years, volatility has decreased significantly as Bitcoin gained more recognition and dependence from countries around the world.

Source: Bitboi.io (Screenshot Source – Nick Thomas)

The average BTC/USD fluctuations have decreased for 30 days over the past fifteen years. Once again in 2010-2011, the average has been about 6 % – 8 %, and since then it has decreased to about 2 % over the past two years.

With the decrease in volatility, this means that future withdrawals may not be extremist – but this also means that the upscale gains from the current levels may not be exciting as they were in previous years.

This type of behavior is typical of maturity origin. The useful analogy is to be a young child – in life, emotions can be intense and unpredictable. But as people get older, they usually become more stable, measure and less interactive. Likewise, the bitcoin fluctuation decreased over time as the original matured and gained wider acceptance.

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Zoom: Bitcoin pull in the context of Macro

What to understand is that Bitcoin continued to show strength and trading over time, even in the face of basic challenges within the same original.