Does anybody noticed this? The bitcoin lost regular 85% of its value as a result of the market correction from $19,800 to $2,900 within the period of 12 months. Just like 2014 - where bitcoin went from $1,200 to $150, losing 85%. This happened to bitcoin before, does anyone here recalls 2013/2014 bitcoin correction?
There are a lot of similarities, I've seen overlays where they look nearly identical. That doesn't mean that they'll continue to be so. Previously bitcoin went sideways from here for almost a year. I do not know if that will happen again. What I do know is that whatever does happen, won't be entirely down to the fact that it happened the same previously.