Re: Bitcoin is approaching the absolute record for the time of the bear cycle!
The price has risen 10% above the low 6 weeks ago. Are you sure we aren't already in a recovery?
doesn't mean much. this could easily be like late 2014---a short squeeze before another final crash. between october-november 2014, the price rose 73%. then we went to new lows!
Bitcoin is rapidly approaching the establishment of the record for the longest duration of a fall in the course of its 10-year history. In the period from November 2013 to January 2015, the first cryptocurrency experienced the most prolonged price correction, which lasted 410 days.
that's if you measure from high to low. the correction lasted another 8-9 months before the bull market revealed itself. it's possible we're already in that stage (though i personally think we're gonna make another low).