This year has been the shallowest bear market so far in #Bitcoin's history.

[kasugha]

This year has been the shallowest bear market so far in #Bitcoin's history.

If we end up dropping by the same amount as 2022, we could see lows of $29,028.

Do we have lower to go, or is volatility decreasing?

 

[Chinyere]

I think the key question now is whether this cycle is following the 2022 pattern or forming a new pattern. Bitcoin has already dropped, but this bear market does look shallower compared to previous cycles.

Institutional money is now involved — ETFs, funds, and big institutions make the market more stable than before.
Volatility is reducing — Bitcoin is gradually behaving more like a macro asset, reacting to interest rates, inflation, and global liquidity.
$29K is possible but not certain — That level would likely happen only if there is a global risk-off event (rate hikes, recession fears, strong dollar).