Bearish trend 2018 may be the longest in the history of Bitcoin
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Bear market 2018 just a step away from its main record — in exactly a month's downtrend will become the longest fall in history. It is noteworthy that the duration of the domination the bears had no effect on them «efforts». The current drain of the stock market's weakest in terms of percentage drop digital assets.
thea Steep dive Bitcoin
January 16 cryptomnesia Ran Neu-ner noticed a length of a current bearish trend. At the time of publication of his message, the fall of Bitcoin lasted 390 days. Recall that in 2014-2015, the drain of the main cryptocurrency lasted no more than 420 days.
To Determine the exact length of the drop quite difficult, as different analysts may take different price levels as the starting point. If you count line 19 $ 700 peak of Bitcoin prices from December 17, 2017, until the day bear market lasted already 401 the day. If we take the minimum point of the 3100 dollars, Bitcoin had fallen by 64 percent.
Source: Included
And yet the downtrend of 2014 still holds the record both in length and «strength». He lasted 410 days. 30 Nov 2013 the price of Bitcoin has set a record at around $ 1,180, which was followed by a drop down to 155$. In other words, for the above mentioned period the main cryptocurrency lost 87 percent of its value.
Source: Included
The First most noticeable drain coins lasted 162 days — from 9 June to 18 November 2011. Then Bitcoin started the year on the line 0.30 per dollar and in only six months, reached almost $ 30. After some time the asset started to decline, the decline stopped at the support level in the area 2.11 the dollar.
Source: Included
Whether the current bearish trend the longest in the history of Bitcoin? To make your bet in our . There you discuss the growth prospects of the main cryptocurrency during the next Year.
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