Bitcoin has rebounded 40% after repeated rebounds or rebounded to $16,000 after falling to $7,500.

Well-known encryption analyst Mayne pointed out that the current market situation is not the first time. He pointed out that even in the bull-dominated market, Bitcoin has fallen more than 40% many times, but it has rebounded rapidly. Therefore, it is not appropriate to continue to bear the bitcoin after the bear market has fallen by 40%. The BTC is likely to fall further to the $7,500 mark before the bull market, and then rise back to $16,000. Gordon Gekko, CEO of Sir Gekko Capital Holding, shares the same view. He shared a chart showing that BTC's status in 2017 is similar to the present. In 2017, the price of Bitcoin fell in a similar pattern to today, dropping from around $2,600 to $1,800, until the bull market started, pushing bitcoin prices back to new highs.