Good afternoon, my dear steemians and traders!

I am writing this article, since I consider it necessary to explain my opinion about the fall of the crypto-currency. What awaits us? Crash or growth? I described this in more detail below.

While the market for cryptocurrency is uncertain, there is a time to look back and think about the further construction of the investment strategy. In the first weeks of January, the market reached its peak at about $830 billion, then returned to $ 750 billion, and then fell another 40% - this is a correction.

The fall of 20-30% in mid-January is a natural phenomenon that has been observed for the seventh consecutive year.

I want you to turn to the history of the price movement for Bitcoin! It is very important!!!

Let's return in January 2012: The price for Bitcoin on January 9 was $ 7.40, and on January 31 - $ 3.80.

Correction 49%

In January 2013: The price for Bitcoin on January 10 was $ 14.20, and on January 14 - 13.50.

Correction is insignificant - 5%

January 2014: The price for Bitcoin on January 5 was $ 995, and on February 25, $ 400.

The first correction: -60%. Although for Bitcoin, the year 2014 was very tense and the price for the year declined by almost 70%

January 2015: The price for Bitcoin on January 1 was $ 321, and on January 14, $ 152.40.

Correction -53%

January 2016: The price for Bitcoin on January 7 was $ 469.00, and already on January 16 - $ 352.00.

Correction -25%

January 2017: The price for Bitcoin on January 5 was $ 1136.00, and as early as January 12 - $ 751.00.

Correction -34%

Of course, this year the correction turned out to be deeper, which was facilitated by a number of additional factors.

**There are two main theories that explain the "January effect": **

• Asian traders go to the Fiat on the eve of the lunar new year;
  
• American traders go to Fiat amid the end of the tax period.
  

As the history of the Bitcoin price is shown from my analysis, in previous years these events also led to correction.

The January correction in 2018 can also be explained:

• The actions of the Chinese authorities, which continue to prohibit the already-forbidden bitcoin;
• Uncertainty in South Korea;
• Attention to European regulators;
• Closure of the first futures contracts for bitcoin, which may be
  is associated with certain manipulations;

Thus, we had to face a stream of horrific news, the appearance of which coincided with the traditional seasonal decline!

What is happening now is quite natural and it is necessary just to wait. My advise is not to panic and not to close losing trades. You just have to wait! Calm down !!!

If there are here those people who share my opinion with me, then please follow me! If there are critics, then please leave them in the comments. I'll be very happy!!!

I wish you profits!!!

Information presented in this material is the opinion of the author (@maksym7) and is not an offer to a specific action.

Thank you for being with me!

Have a nice day!!!