Currently bitcoin has been on a big decline, dropping from $19,900 to $6,100, by more than 69 percent. On April 10th it fell from $12,000 to $6,400, by 46 percent.
The most recent change was on May 25th when it fell from $10,000 to $7,200, by 28 percent.
A pattern can be seen in the 3 major changed in BTC from this year, which is that every successive correction had smaller sell-offs and narrower correction periods. The correction in February lasted nearly two months, while the second and third corrections bottomed out in about a month.
the market is expected to experience an accumulation period, leading the value of BTC to increase gradually and secure momentum. Following a continuous accumulation period could be a parabolic rally, driving the value of most cryptocurrencies to grow exponentially.
Just hodl!
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