Bitcoin! Is a major correction coming up? and repeat from 2015
While BTC bitcoin is falling by double digits, similar losses have already taken place throughout its history. Bitcoin has already fallen by over 10% 70 times. This represents 2.4% of all days in the last eight years (from August 1, 2011).
Bitcoin's price on Sept. 25th
2010: 6 ¢
2011: $ 4
2012 $ 12
2013: $ 129
2014: $ 410
2015: $ 235
2016: $ 602
2017: $ 3.776
2018: $ 6,430
2019: $ 8,453
Bitcoin is the best performing asset in history
but because the bearish mood still persists in the market, some investors point to the similarities between the bear market in 2014 and the current market structure. According to them, if the history repeats, the BTC price may fall below 2000 USD, which will be a new bottom. What's more, the chart shows that the price will not be able to bounce back even after the next halving, which is widely regarded as the main catalyst for the BTC increase.
What do you think about this? we have a chance to buy Bitcoin so cheap again?
Bitcoin's price on Sept. 25th
2010: 6 ¢
2011: $ 4
2012 $ 12
2013: $ 129
2014: $ 410
2015: $ 235
2016: $ 602
2017: $ 3.776
2018: $ 6,430
2019: $ 8,453
Bitcoin is the best performing asset in history
but because the bearish mood still persists in the market, some investors point to the similarities between the bear market in 2014 and the current market structure. According to them, if the history repeats, the BTC price may fall below 2000 USD, which will be a new bottom. What's more, the chart shows that the price will not be able to bounce back even after the next halving, which is widely regarded as the main catalyst for the BTC increase.
What do you think about this? we have a chance to buy Bitcoin so cheap again?
