Bitcoin Price Dip Analysis: 30% Drop But CryptoQuant CEO Says It’s “Common” in Bull Cycles
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- CryptoQuant CEO says a 30% Bitcoin correction is typical in bull cycles, citing past 53% drops.
- Historical data suggests Bitcoin remains in a bullish phase despite short-term volatility.
- A cost basis of $95K is a critical level for institutions and miners, indicating long-term market stability.
Bitcoin dropped by 30% rattling investors; however, historical data shows such corrections in a bull cycle are nothing unusual.
CryptoQuant CEO: Bitcoin Dip Normal in Bull Market
CryptoQuant CEO and analyst Ki Young Ju reassures traders and explains that in 2021, BTC plunged by 53% before rebounding to an all-time high.
This historical pattern highlights the volatility built into crypto markets while supporting Bitcoin’s long-term upward path.
“Panic Selling Shows Inexperience” – Ki Young Ju
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The post Bitcoin Price Dip Analysis: 30% Drop But CryptoQuant CEO Says It’s “Common” in Bull Cycles appeared first on Coin Edition.
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Coins
$ 64.13K
+0.09%
$ 0.00736
+1.16%
$ 0.00...361
$ 0.000399
$ 0.527
Predictions Markets
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Share:
In This News
Coins
$ 64.13K
+0.09%$ 0.00736
+1.16%$ 0.00...361
$ 0.000399
$ 0.527
Predictions Markets
See what traders are focused on
Share:
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