Bitcoin has had all sorts of dips and crashes since its inception and like a phoenix it has risen from the ashes each time. We are going to examine the largest dips since 2012 to gauge where we might be going from here in the next few weeks, months and even years. Bitcoin is highly psychological and speculative so in my opinion these crashes can show us a possible future.

Dips and crashes. Here is how we will compare to today. The crash must be larger than 50% to be in the data.
Previous price, Bull run length of time until ATH, ATH Price, Lows, Bear length of time, Time to return to ATM, price 3 months later. Lets go!

We compared 4 different crashes of over 50% and averaged the data to apply it to our current bear market.

We can see that the average bear length was 233 days from the top. The average bull was 98 days. The most current bull run lasted 846 days which is the largest ever so far between crashes.

So putting these numbers into our current situation we get a bear market until 8/03/2018 and a new ATH around 2/16/2019. The average percent down of 68.67% would take us down to $6070 per BTC which has already been touched. In other large dips it touched the low very quick (within days of the top), jumped back up 40% or so and then bled down back to the quick low touch over a few months.

The lowest percent loss of 84.52% would take us back down to $2997 per BTC which is the worst case scenario IMO.

The average percent gain from the lows is 847.13% only 3 months after the return to previous ATH.

That would put BTC back to its ATH of $19,377 in mid Feb 2019 and Spring 2019 put BTC around $50,000 if all the averages continue.

So here the averages are charted

My final opinion: BTC has been in a bull market since its inception. We are close to the lows now from the latest ATH. New investors are hearing of Bitcoin everyday. Wall street, banks and Grandmothers are getting involved. Tomorrow it will be easier to buy digital assets than it is today. Today volume is low, tomorrow it might jump. I am extremely bullish on Bitcoin even though this post is bearish for now. I think 2018 - 2019 will be another incredible year for crypto and will become a more popular payment method than any other online method. TLDR; HODL. We'll be back.

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BTC - 1KC9R8hzv1SFnRiWdUcEg59wgotbDZAAhd
ETH - 0x7878B182bf2e73e8d677C14E8a33B9058234DD5C
LTC - LfxvHX5TzXRfK37UCeMGDbSRojGjLfUFyT
DASH - XukTF7vgeLn71CJECSC6ChEGTeDpG9MoFC

Disclaimer: This is only my opinion and not financial advice. Please do not invest money you are not willing to lose.