Since the bear market in 2022, bitcoin has witnessed substantial pullbacks, losing up to 23% of its value on some occasions. Understanding the depth of these declines could help investors maximize their returns, as rebounds from these drops usually yield substantial gains.by crypto trader and analyst Rekt Capital, accumulating BTC after a pullback of approximately 20% could fetch investors good money as the crypto asset resumes its upward trajectory.
In addition, July and September 2023 also saw BTC plummet by 22%, marking the final massive drop before the year ended. BTCfor the rest of 2023 until mid-January 2024 due to heightened excitement and anticipation surrounding the approval of the first wave of spot Bitcoin exchange-traded funds in the United States.Following a major rally driven by inflows into the ETFs, BTC plunged again in March, losing 18% of its value.
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