Bitcoin remained in a bear market during this period for a total of six months, dropping to US$ on July 11th. Other events that contributed to the asset’s downtrend were the Bitcoinica hack, where 18, BTC was lost, and the Linode hack, where 46, BTC was taken from the web hosting provider. The current bear market is the longest in Bitcoin’s year history since its creation in ; after the world’s oldest and most valuable cryptocurrency hit an all-time high of $19, in mid-December following a sporadic rise over a 3-week period. However, as at today and after consecutive days in decline, there has been very. The Longest Bitcoin Bear Market in history!! Close. Posted by 1 year ago. Archived. The Longest Bitcoin Bear Market in history!! By next week we can all say proudly or not, that we survived the longest bitcoin bear market in history. Bitcoin breaks the record Feb. 2. It's been a long .
Longest bitcoin bear marketLongest Bitcoin Bear Market in History` - BTC Nigeria
In traditional markets, a 20 percent decline from the all-time high is considered a bear market. Since January , Bitcoin has been in a bear market, unable to recover above key resistance levels and experiencing a month intense sell-off. At its lowest yearly point, the price of BTC dropped by more than 47 percent within a two-month period, recording one of its steepest short-term falls in recent years.
BTC correction record: On Feb 2nd, we are likely to break the record for longest Bitcoin correction: days from Nov to lowest price at Jan Very soon, you will be able to say that you survived the longest crypto market correction in BTC history. In the short-term, traders generally see the price trend of BTC weighing to the upside.
Longs make more sense than shorts down here in my opinion. On January 24, CCN. It has been dropping ever since. The thing is, nobody knows how long this nightmare will continue, although there have been some estimated guesses. This means we could soon enter a long accumulation period where Bitcoin bulls start to collect as much Bitcoin as possible. The original article can be found on The Next Web.
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