Source: TheMerkle.com
The Bitcoin market has navigated through several phases over the past 18 months, beginning with a period of steady price appreciation post-FTX, followed by three months of consolidation after reaching an all-time high (ATH) of $73,000.
During May to July, Bitcoin underwent its deepest correction cycle, experiencing a drawdown of over -26% from its ATH. This correction tested support levels, with the market eventually stabilizing around the $62,000 mark.
The
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Source: TheMerkle.com
