The median rally following a 20% or greater pullback in an overall bull market-like the pullback seen in March and April-is 75%. The average rally following such pullbacks is 91% off the low.
If the price can gain traction above $70,000 it will likely break out to new highs. Based on the average size of past rallies in Bitcoin, following pullbacks in bull markets, that puts a target near $110,000.
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