The history of Bitcoin’s bull market cycles can be described as one of exponential decay. Whether you agree with this view or not, it’s a pattern you’ll have to contend with. If the current decline pushes Bitcoin down to $50,000, the next bull cycle could potentially drive it up to between $200,000 and $250,000.

Since its inception, Bitcoin has experienced five major bull market cycles. In every one of those previous cycles—without exception—the breakdown of the dominant parabolic advance has led to a correction of 75% or more.

You’d need a very compelling reason to bet against this recurring pattern.