RATE Group | Historical Data Shows Bitcoin Price Correction Could Last 5 More Months
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Historical Data Shows Bitcoin Price Correction Could Last 5 More Months

13 Aug Historical Data Shows Bitcoin Price Correction Could Last 5 More Months

Posted at 08:26h in Bitcoin News by

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While crypto investors and traders are ready for the next bull run to fully commence, Bitcoin price has once again been rejected from highs above $12,000 and is potentially looking at more downside in the coming days.

This is all normal, according to historic Bitcoin price charts, according to one crypto analyst, who says that past early bull market corrections have lasted roughly 200 days. If history repeats itself, which it often does, there could be another 5 months left for the current crypto market correction.

Bitcoin Price Correction Only 25% Complete According to Historical Data

Most crypto analysts agree, Bitcoin price action suggests the crypto asset is building a foundation in which it can use as a launchpad for the next bull run, and it’s just a matter of time until Bitcoin’s jets are refueled and the rocket takes off again to the moon.

Related Reading | Crypto Trend Analyst: Bitcoin Price Rally Has Ended, Bottom December 2019?

But unfortunately, that still may be a ways…

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