WHEN WILL BITCOIN SEE THE BOTTOM?

Again, we witness the collapse of #Bitcoin. BTC prices have fallen to 82.5% compared to the highest peak (19,666 USD per BTC on December 17th, 2018). Is this the bottom of the #downtrend period?

Reversing previous collapses of Bitcoin, analyst team #coin98 observed that up to 12 times the market was considered as collapse. Most of the previous collapses took place in a short time, only 1- 35 days and down rates ranged from 30% to 82%. The deepest crash (down rate was 87%, 1162 USD / BTC declined to 152.4 USD / BTC) lasted 411 days from Nov 30th, 2013 to January 14th, 2015. The 87% crash time was the time The strongest decline in history, it created the biggest resistance, and the most difficult to overcome.

Currently, the new BTC price is only at $ 3,430 / BTC corresponding to a reduction of 82.5% compared to the peak. It seems difficult for the price to reach the threshold of 87% (approximately 2,600 USD / BTC), but no one can be sure that this time, the price of BTC will not decrease to 4.5% more and hit the milestone of 87% fall in history. Bitcoin was reportedly “dead” 312 times, but in fact it still lives until today.

82.5% will be the lowest reduction rate of this crash or BTC prices continue decreasing by 4.5% (to 2,600 USD)?
By @Coin98

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