Very interesting, if we are in for a rocky slope how long do you reckon it takes (for BTC) to bounce back?
RE: Bitcoin price moves, the bears are still leading.
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Bitcoin price moves, the bears are still leading.
The last significant crash happened at the end 2013 (after a hyperbolic rise, like we're seeing now). Bitcoin peaked at $1100 and during a year it fell to $200. It took two years to hit the $1000 level again in 2017, on a slow steady HEALTHY pace, with transient ups and dips, totally normal. I expect the same to happen again. However, considering the rising altcoins, that changes things dramatically. It will be difficult for bitcoin to reassert its dominance in the future, so maybe we will never see that $3000 again. Time will tell. Check my blog for the article I wrote about that topic.
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