Bitcoin's last bull cycle saw a devastating ~79% correction. Chart history suggests we might witness similar patterns repeat. Looking at Fibonacci levels, the 61.8% retracement zone sits around $60K—a critical support threshold worth monitoring. Here's the thing though: most traders get wrecked trying to squeeze quick profits during volatile swings. The real edge comes from patience. Lock in those short-term trades when opportunities emerge, sure, but keep your dry powder ready. The next major wave is coming; the question is whether you'll still have capital to deploy when it does. Markets reward those who survive long enough to catch the next opportunity.
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NFTArtisanHQ
· 01-12 00:20
tbh the fibonacci narrative is getting tired... like, we're basically pattern-matching ourselves into a corner. the real meta-narrative here isn't about $60k support zones—it's about who has the **philosophical stamina** to sit with capital untouched while everyone else panic-trades.
that's where the true proof of conviction lives, imo. most don't survive the aesthetic *dryness* of waiting.
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DogeBachelor
· 01-10 20:59
79% plummet? Damn, then we have to stay alive and wait for the next wave. Don't go all-in, for God's sake.
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GasWastingMaximalist
· 01-10 04:55
79% decline... It's a common topic, the key is whether there's still ammunition in hand.
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FlippedSignal
· 01-09 00:51
To be honest, the 79% retracement number sounds really scary, but I think the key is still who can hold on until the next round.
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OnchainFortuneTeller
· 01-09 00:48
A 79% drop? Well, that sounds easy... Only those who truly survive deserve to make money.
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OldLeekConfession
· 01-09 00:46
A 79% drop again? Oh no, this time we'll see who can still hold on.
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BugBountyHunter
· 01-09 00:40
79% decline? Oh no, we're talking about Fibonacci again... Honestly, a lot of people have been wiped out because of this method.
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GasWaster
· 01-09 00:35
ngl the $60k fib level hits different when you're counting gwei instead of btc... been there, watched my "patient" capital evaporate on bridge fees alone lmao. dry powder went to paying for failed txs during the last pump. never again
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NFTBlackHole
· 01-09 00:34
79% decline? Bro, these numbers are scary. Luckily, I accepted it long ago. Now I'm just waiting to buy the dip. The key is to stay alive until that day.
Bitcoin's last bull cycle saw a devastating ~79% correction. Chart history suggests we might witness similar patterns repeat. Looking at Fibonacci levels, the 61.8% retracement zone sits around $60K—a critical support threshold worth monitoring. Here's the thing though: most traders get wrecked trying to squeeze quick profits during volatile swings. The real edge comes from patience. Lock in those short-term trades when opportunities emerge, sure, but keep your dry powder ready. The next major wave is coming; the question is whether you'll still have capital to deploy when it does. Markets reward those who survive long enough to catch the next opportunity.