After every 30% pullback, Bitcoin gains an average of 153%

Recent data revealed that every time Bitcoin has seen a pullback of 30 percent or more, it was always followed by a sharp rally.

Following a year-long bear market, Bitcoin's latest rally has left many traders expecting a major pullback.

While some experts agree that a parabolic run is imminent, there has been major disagreement on whether or not a major pullback will precede the next bull run.

According to Josh Rager, a popular cryptocurrency analyst and trader, a pullback of at least 30 percent will come "Eventually." He believes that there will be several strong pullbacks before the world's largest cryptocurrency reaches the next ATH. Rager also noted that there were at least nine pullbacks in the last accumulation and uptrend cycle, so traders should jump onto those buying opportunities.

Analyst reveals that Bitcoin surges an average of 153% after every 30% pullback.

Previously examined how Bitcoin often experienced 30%+ pullbacks during last uptrend.

The average gain after a 30%+ pullback was over 153% profit before the next strong pullback pic.

He explained that with every pullback Bitcoin has seen an average gain of more than 153 percent.

While there doesn't seem to be a consensus on whether Bitcoin has already had its pullback or is yet to come, what everyone can agree is the fact that cryptocurrencies move in cycles.

Bitcoin managed to surpass the $8,000 in the early trading hours of May 24 and has recovered from yesterday's 5 percent pullback.