HiTech

Comparison of Bitcoin Major Corrections

BITSTAMP:BTCUSD   比特幣 / 美元
The Bitcoin             has been showing a substantial growth over the past years, although huge growth was followed by huge corrections. Let's try to compare the past two correctional moves down with the current one.

The past two strong corrections occurred in 2013 and 2014 were price retraced for over 75% from the peak values. All smaller corrections occurred in between resulted in a correctional move down of not more than 40%.

First Correction

The corrective wave back in 2013 resulted in a 76% decline while price moved from $260 high, down to the $60 support and has lasted for 87 days.

Second Correction

The next strong correction was not too far away and happened during 2014 - 2015. This time Bitcoin              has corrected from the $1165 all-time high, down to $200 support level , which resulted in an 82% loss against the USD. The correction, including the consolidation period, has lasted for 637 days!

Third (Current) Correction

With the latest move down, Bitcoin             has corrected down by almost 70%, during a relatively very short period of time, only 51 days.

The Conclusion

All major corrections have a tendency of a 70-80% drop, while the timeframe of the correctional move and consolidation period can vary. Bitcoin             has already corrected nearly 70% from the all-time high and it could be a good buying opportunity for the long-term investors. At the same time, if 80% correctional move will be applied to the chart, the price could drop as low as $4000. Therefore, statistically speaking big players could start or could have started buying Bitcoin             Bitcoin              anywhere between $6000 and $4000.
Top Crypto Telegram Channel: https://t.me/cryptopost
#1 Crypto Blog: http://cryptopost.com
Crypto Forum: http://cryptoforum.com
Alts vs BTC Trade Signals: http://cryptopost.com/signals-membership/

ETH Tip Jar: 0x79BB76B99114F9B33fd3E5477Eb05F2738D51
i am expecting 80% correction..it will be possible if 10k resistance is not able to break..then we will see 4-5k...nor 12k
回覆
HiTech ghose12
@ghose12, anything is possible, for now I'd expect at least a short term uptrend, then we'll need to see
回覆
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
概述 個人檔案設定 帳戶和帳單 我的支援工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出