Hi Friends. In the above chart i have plotted all the retracement in BTC price during previous bull run. As you can see, BTC usually retraces by 50-54% or 61-68% during its bull run. Also BTC finds support near its 21 weekly average though usually it gets broken intra week by around 10%.
Just a heads up, you are are showing the gains % not the retracement in your chart. You must start at the peak and pull down to the local low, that will show the retracement %. You will find most of the pull backs in the last bull market were 32-42%. Have a good one.
anu.nauri
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@moarbtc, Interesting, thanks for pointing this out.