Analyzing Bitcoin's Price Drawdowns Across Market Cycles: From Peak to Bottom
By
Bycryptonews
2h ago· 10 min readenInsight
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Summary
This article analyzes Bitcoin's price drawdowns across different market cycles, focusing on the recurring boom-and-bust pattern tied to Bitcoin's four-year halving cycle. It examines the 2017 cycle (approximately 84% correction) and the 2021 cycle (approximately 77% drawdown), attributing the differences to mainstream attention and institutional entry. The piece explains how Bitcoin's halving events—programmatic reductions in new BTC supply every four years—drive these cyclical patterns.
Key quotes
· 4 pulled2017: Mainstream attention deepened the correction to approximately 84%.
2021: Institutional entry compressed the drawdown to roughly 77%.
Bitcoin's recurring boom and bust structure according to many are not random and are anchored to the halving, a programmatic event built into Bitcoin's code that cuts the rate of new BTC issuance in half approximately every four years.
Each halving reduces the daily supply entering the market.
Kosta Gushterov Wed, 03 Jun 2026 14:30:12 +0000 Bitcoin
