Let’s take a “carving marks on a boat to find a sword” approach here, but not in a rigid way!
From the chart below, it’s clear that each bear market correction in crypto typically lasts about a year, with a drawdown of around 80%. As Bitcoin’s market cap grows, the upside during bull runs has been decreasing, and the downside in bear markets is also getting smaller, but it’s still likely to see corrections of over 50%.
If BTC drops to $50k, that would be about a 60% drawdown. If we reach that level—or even lower—laddering in buys would probably get you close to the bottom.
Right now, in terms of both time and price, we’re not there yet. So don’t rush—just be patient and wait it out.
The bottom will definitely show up sometime this year. The real question is: when Bitcoin does hit the bottom, will you still have any ammo left?
