Crypto market correction and recovery periods - Update 2018 March 28

in #bitcoin7 years ago (edited)

Update on my post a 4 weeks ago:
https://steemit.com/bitcoin/@jomeszaros/crypto-market-correction-and-recovery-periods-update-2018-march

IMG_0146.PNG
Chart is from solidium.capital

It seems this current bear trend is longer than any other in 2017.
But it is still nowhere compared to the longest BTC bear market started on the 30th of November 2013, it needed 1181 days to reach new All Time High again on the 23rd of February 2017.

BTCATH2018FEB12.jpg

More details regarding historical corrections :
https://steemit.com/bitcoin/@jomeszaros/bitcoin-ath-in-june-2018-is-coming-contest

MTGOX's ghost is still lingering over the market, if all people who invested and lost their Bitcoins there, and the Japanese court decides to return over 200'000+ BTC-s to their previous rightful owners, it can have a negative pressure on the price action.

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I think this bear market is slightly longer but not as long as 2014

Let's hope the current trend does not continue for 1181 days.

I really hope we see a recovery for Crypto, I really am routing for Crypto to take over. I'm hanging in here long term for the ride.

This is a wonderful one @jomeszaros

it still hasn't recovered then?