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⚡️ Prominent trader: Bitcoin in the previous bull market ATH the maximum pullback before 22%, in this cycle ATH the pullback before may not exceed 15%BlockBeats News,September 24, prominent trader Killa stated that, in the previous crypto bull-market cycle, Bitcoin's maximum pullback before reaching its all-time high was 20-22%, meaning that Bitcoin never pulled back by more than ATH throughout its advance toward 22%.

If the same proportional logic is applied to this cycle, a less severe bear market (the bear market in this cycle fell by 54%, with significantly weaker momentum) should also result in less severe bull-market pullbacks. This places the larger pullbacks in this cycle at approximately 10-15%.

Killa believes that, mathematically, this means that buying pullbacks with 4 x leverage should be relatively safe throughout Bitcoin's move toward 126000 USD highs, provided one does not go long at the top of every stage.

Original link https://m.theblockbeats.info/flash/368731