Bitcoin's current pullback of 7.61% is relatively mild, with $74,500 serving as a historical average reference.

iconjinse2
Share
This is the logo of the coin.
BTC
$83,153.900.89%
AI summary iconSummary
Bitcoin news: On October 9, Bitcoin declined 7.61% to $80,404, a modest market pullback relative to historical averages. The 7.58% average drawdown during the 2022–2025 bull cycle positions $74,500 as a key support level. Analysts recommend buying near $80,000 and adding to positions if the price drops to $74,000–$75,000.

[CryptoQuant: Bitcoin’s Current Pullback Is Relatively Mild, with $74,500 as the Historical Average Pullback Reference Level] GoldNews reports that on October 9, CryptoQuant analyst MAC_D noted that Bitcoin has pulled back from its October 5 high of $87,027 to its October 9 low of $80,404, representing a decline of approximately 7.61%, close to the average pullback of 7.58% during the 2022–2025 bull cycle and below the overall historical average pullback of 14.39%. Historical average pullbacks from阶段性 high points in past bull markets: 18.41% (2010–2011), 21.71% (2011–2013), 10.93% (2015–2017), and 19.39% (2018–2021). The current correction is relatively mild. Based on the overall historical average pullback of 14.39%, the corresponding price level is approximately $74,500. The analyst recommends gradually accumulating BTC near $80,000 and increasing positions if the price drops to the $74,000–$75,000 range.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.