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Bitcoin bear market rally performance, how does it compare to previous cycles?

CoinSurges
By CoinSurges

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Quick Take

  • Bitcoin (BTC) is roughly 80% up from the lows which were put in back November 2022 when Bitcoin was trading around $15,500 during the FTX collapse.
  • It is important to understand previous cycles in terms of bear market rally performances.
  • This chart has been broken down into five different cycles, and it appears — based on historical data — that we are playing in a very similar trend.
  • Whereas in each prior at this exact moment of the cycle, we have put in a similar bear market rally bounce.
  1. 2012: 105%
  2. 2015: 90%
  3. 2019: 79%
  4. 2020: 90%
  5. 2023: 80%
Bear Market Rally: (Source: Glassnode)
Bear Market Rally: (Source: Glassnode)

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