Bitcoin

I have made a list of all major Bitcoin corrections since 2012 including the number of days it took to reach a new all time high again.

Major Bitcoin corrections.png

The heavier the correction, the longer it took to achieve a new all-time-high again.

The latest correction (or crash if you will) was a pretty heavy one: 70% in 51 days.
Of course it is not yet certain if we have seen the bottom, but I do think so. On to a new all time high! However, the last time we saw a 70% correction was late 2013 when it took almost 3 years to make a new all time high again. The fundamentals for the crypto space as a whole are much better now in my opinion, so I don't think it will take 3 years again, but it might take a little while though...

What do you think? Will we see a new all-time-high this year?
If you ask me, YES! I predict Q4 2018.

All major Bitcoin corrections since 2012
Date High
Date Low
Days
High
Low
Drop
Date new high
Days to new high
2012-08-17
2012-08-19
2
$16,41
$7,10
57%
2013-01-21
155
2013-03-06
2013-03-07
1
$49,17
$33,00
33%
2013-03-18
11
2013-04-10
2013-04-12
2
$259,34
$45,00
83%
2013-11-06
208
2013-11-19
2013-11-19
0
$755,00
$378,00
50%
2013-11-22
3
2013-11-30
2014-04-11
132
$1.163,00
$339,79
71%
2017-02-23
1049
2017-03-10
2017-03-25
15
$1.350,00
$891,33
34%
2017-04-30
36
2017-05-25
2017-05-27
2
$2.760,10
$1.850,00
33%
2017-06-06
10
2017-06-12
2017-07-16
34
$2.980,00
$1.830,00
39%
2017-08-05
20
2017-09-02
2017-09-15
13
$4.979,90
$2.972,01
40%
2017-10-12
27
2017-12-17
2018-02-06
51
$19.666,00
$5.920,72
70%
???