Opinion: Bitcoin may be nearing the end of this correction, having retraced about 10% from its recent high

BlockBeats news, October 25 - Trader Killa posted an analysis of the pullback framework for this bull market cycle. He stated that the previous bear market saw a maximum decline of about 77%-78%, and during the bull market, before surging to a high of about $126,000, the maximum drawdown was about 20%-22%. This bear market decline was about 54%, and proportionally, the larger pullback during the bull market phase may fall around 10%-15%.

Killa pointed out that Bitcoin has retraced about 10% from its local high, and given the current position, this correction may be nearing its end, after which another upward rally could still follow.