Bitcoin takes about 1.7 times the duration of its decline to recover
The world’s largest cryptocurrency tumbled 70% from its high on 18 December to the 6 February low, but has since recovered and is trading around the $10,000 level. Following a patter where bitcoin bottoms are Vshaped, And based on analysis the coin since 2010 Bitcoin takes about 1.7 times the duration of its decline to recover. That time frame implies that it will take 85 days for the cryptocurrency to fully bounce back from its latest plunge, which lasted for 50 days—meaning it should rise to fresh records by midyear. ![A6ACAA85-27BA-4339-873C-A31BF1CC2439.png]()Bitcoin predicted to reach a new high record in july
7 years ago by muh543 (50)
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Hmm... Let's see man..
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Hope for best😊
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This post has received a 0.22 % upvote from @speedvoter thanks to: @muh543.
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This post has received a 0.10 % upvote from @drotto thanks to: @muh543.
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by muh543 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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