How far does BTC need to drop before we see a decent rebound?

Looking back at historical trends, after the peak of the 2021 bull run, there was a significant rebound only after a 50% retracement. If this cycle repeats the script of 2022, using a 50% retracement as a reference, the rebound could potentially start around $70,000.

However, there are currently no signs of large-scale accumulation on the charts, and the main players’ movements are still quite unclear. Whether BTC can actually reach this level depends on how the subsequent candlesticks play out. At this point, these are just projections based on past experience.

The above is purely personal observation and does not constitute any investment advice.