Analyst: Bitcoin Pulls Back 47% This Time, Expected to Retreat 60%-70% in This Bear Market

Odaily News: Analyst Darkfost posted on X platform, stating that Bitcoin's current daily closing pullback is 47%, still significantly lower than the magnitude of historical bear markets. The record was set in 2012 when the bear market retraced over 90%. Over time, the trend of bear market pullbacks has slightly moderated, as seen in the chart where pullbacks during bear market phases have gradually lessened. If this pattern continues, a reasonable expectation is for the pullback to be in the range of 60% to 70%.