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TechFlow news, on February 28, according to Matthew Sigel, VanEck's Digital Asset Research Director, Bitcoin has historically experienced multiple significant pullbacks during its two major price surges:
During the 2017 rally when Bitcoin surpassed $20,000, it saw seven major pullbacks, ranging from 27% to 41%.
In the 2021 surge past $69,000, Bitcoin underwent six pullbacks, with declines between 17% and 55%.
According to Matthew Sigel, VanEck's Head of Digital Asset Research, Bitcoin experienced multiple significant pullbacks during its two major historical price surges. During the 2017 breakout above $20,000, Bitcoin saw seven substantial corrections ranging from 27% to 41%. In the 2021 surge past $69,000, it underwent six pullbacks with declines between 17% and 55%.
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