Bitcoin has experienced a formidable 27% dip from its striking $109,000 summit, diverging from the typical past corrections of 50-80%. Historical patterns suggest a potential for a stunning rebound, with Charlie Bilello’s data showing past drawdowns of 30-40% leading to impressive recoveries. If these trends replicate, Bitcoin might achieve extraordinary price levels. But how soon could this correction pivot into exhilarating gains, and just how high could Bitcoin soar if history repeats itself? The answer could redefine expectations and recent trends.
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