After every 30% pullback, Bitcoin gains an average of 153%192

Recent data revealed that every time Bitcoin has seen a pullback of 30 percent or more, it was always followed by a sharp rally. The world’s largest cryptocurrency gains, on average, 153 percent after every price drop, meaning that there will still be plenty of buying opportunities even in the bull market.

Following a year-long bear market, Bitcoin’s latest rally has left many traders expecting a major pullback. Analysts predicted that Bitcoin could drop to as low as $6,000 after it failed to break resistance at $8,300.

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