- BTC0%
BlockBeats News, August 22, Grayscale posted that this week could mark a turning point for Bitcoin. Historically, Bitcoin tends to retrace about 80% from the cycle top to the bottom. In the recent bear market, Bitcoin dropped around 50% from the cycle high, which is less than all previous cycles at this stage.
Previously, the market has been debating whether Bitcoin would see a new downturn in the fourth quarter of 2026. Despite ongoing risks in the market, this week's rally may indicate that Bitcoin has established a more solid bottom.
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