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?
It would be very nice if we could prove the repeatability of the cycles on other examples. The price history of Bitcoin looks like a growing wave, but unfortunately it is not known how long the next waves (cycles) can be and whether they will continue to grow, or if the next one will be much smaller. Many people try to look for such similarities in the hope that they will find a holy grail and will be able to predict the price. This, however, cannot be done.