Bitcoin has a tendency for significant price corrections during bull markets, typically seeing drops of around 80% from peak to trough in bear cycles. This article focuses specifically on the corrections that occur during bull markets. Analyzing data from previous cycles, the peak bull run from August 2015 to December 2017 had no drawdowns exceeding 50%, with the highest at 40% in September 2017. However, the bull market from 2018 to 2021 experienced three corrections of over 50%, particularly notable during the March 2020 Covid-induced market crash and in May and July 2021, where prices dropped from over $60,000 to around $30,000. Currently, Bitcoin's mid-bull corrections have been milder, with a maximum drop of 30% observed early August 2021. Historical data suggests that severe corrections tend to manifest towards the end of bull runs, indicating that the longer the market remains stable, the more concerning potential corrections may become.

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