Longest Bitcoin Correction Since 2013 - 2015?
With Bitcoin down 70% from it's December 2017 high of $19,783, we're deep into a crypto market winter. Let's take a look at a chart shared by Charlie Bilello, regarding the major Bitcoin corrections from 2010 to 2018, and how we can analyze the past to get an understanding of future occurrences.
If you're looking to protect your IP address, transaction history and more, check out NordVPN (it's what I actually use):
https://nordvpn.org/cryptobobby
Thanks to NordVPN for supporting the channel!
Charlie Bilello's tweet and chart on the major Bitcoin corrections:
https://twitter.com/charliebilello/status/1010496914389860352
Buy Bitcoin, Ethereum and Litecoin on CoinBase and get $10 worth free:
https://cryptobobby.com/coinbase
Buy and Trade altcoins on Binance - https://cryptobobby.com/binance
Secure your Crypto with a Ledger Nano S:
Amazon (faster shipping):
https://cryptobobby.com/ledger-amazon
Ledger (slower shipping, but cheaper): https://cryptobobby.com/ledger
Get a Free Trial of Coinigy (the trading/charting software I use):
https://cryptobobby.com/coinigy
Follow me on Steemit:
https://steemit.com/@cryptobobby
Follow me on Twitter:
https://twitter.com/crypto_bobby
Join the Facebook Group:
https://www.facebook.com/groups/140921189836895/
Portfolio Tracking:
Blockfolio - https://www.blockfolio.com/
CoinTracking.info - https://cryptobobby.com/cointracking
Bitcoin.tax - https://cryptobobby.com/bitcointax
*Some of these links may be affiliate links, meaning if you click and purchase something, I may receive a small commission at no additional cost to you. I only recommend companies and products I personally use, and any commissions help to pay for content creation. Thanks! *
** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**
I do actually think price will go up. Just laaaaaateeeerrr...
https://steemit.com/bitcoin/@noorsamad/win-a-prize-10-sbd-bitcoin-give-away-price-prediction-on-01-07-2018
I still think that we are going lower in the BTC price. I wouldn't be surprised to see BTC go down to $3,000 or $2,750 - I wrote an article about it a couple of weeks ago:
https://steemit.com/steemsilvergold/@bi5h0p/where-is-the-bitcoin-bottom
Just wanted to share it with you. Have a good one!
(I'm not trying to promote my post - it has already paid out.)
@cryptobobby Thank you for providing this historical analysis about bitcoin. Its future looks quite promising amid this bearish phase.
Do you think the way Tron is growing (keeping in view of mainnet, accepted on pornhub etc.), we will get to see it approaching to $1 by Q1, 2019 or earlier?
By reading the stat bitcoin value in dec 2017 u reminded me those days when I used challange my frnds that by nxt year bitcoin must going to touch the 35,000USD mark but today its value is to low. Thanks @cryptobobby to remind me those days 😀😀
@cryptobobby what you think that when the bullish run is start? When the profit is earn by All ALT coins. Why the market is going in blood zone.
Interesting to see how in a long term chart the previous decreases are not even visible given the price increase. Imagine where the price could be if this one is not visible 2-3 years down the road!
You can definitely see the trend and that it's becoming less drastic (even though there's a huge swing). I believe it'll be 1-3 years, then it will become less volatile.
Do you think Bitcoin will touch its all time high in 2018?