Jiang Zhuoer said on X that if this cycle’s low was around $57,800, Bitcoin’s current pullback is already close to the scale and duration seen in the previous three market cycles. In his view, a large number of investors may currently be sidelined after missing the move.
He said that if Bitcoin continues to trade sideways, fear of missing out, or FOMO, could build over time. Once capital starts flowing back into the market, he added, room for another leg down may become limited.
Jiang also pointed to late-2021 price action as a possible reference for what comes next. He said the market could see a short-lived "golden pit" style dip, suggesting that any buy-the-dip opportunity during a pullback may only remain open briefly. The comments were published by Odaily in a newsflash citing Jiang’s post and accompanying chart comparing Bitcoin’s historical cycles.
Jiang Zhuoer said on X that if this cycle’s low came in near $57,800, Bitcoin’s correction is already broadly close to the previous three cycles in both magnitude and duration, according to a historical cycle comparison chart he posted.
He said many investors may currently be sidelined after missing the move. If the market stays range-bound, FOMO could gradually build. Once funds return, he said, the market’s room for further downside may be limited.
On what may come next, Jiang said the path could resemble the "golden pit" seen in late 2021, with any pullback buy opportunity potentially appearing only briefly.
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