Bitcoin has had its fair share of bear markets in the past. Let’s briefly recap the most significant ones and see what we can learn from them.
The 2011-2012 Bear Market
The bitcoin price fell from $29 on June 8, 2011 to $2.10 on November 18, 2011, followed by months of sideways action:
The first bear market, 2011-2012. Chart data source: CoinMetrics.io
The most painful bear market happened before most of us were even aware that something like bitcoin existed. More than ten years ago, the price…
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