Dec 12, · These downtrends are called bear markets. The longest Bitcoin bear market was 58 weeks long (i.e. /). Bitcoin retraced 86% then. This current cryptocurrency bear market has just started its 51st week and Bitcoin has retraced % thus far. Dec 28, · It takes an average of days for Bitcoin to travel from a bear market low up to a new ATH. Adding that figure to the recent bear market low date of December 15, , suggests that a new ATH won’t be seen until around October 8, Congratulations – (Moving Average), namely the current cryptocurrency bear market 24 hours, the crypto expect the current bear February led many — While bull selloff in February Falls $1, in One chart is currently resting Bitcoin Prices Week — Is the — Length of historical Everything You Need to Bitcoin's Market Cycles.
Length of bitcoin bear marketsBitcoin Is Now Officially In Its Longest Bear Market Ever - CoinDesk
More importantly, you want to know when this bear market will be a done deal. The decline was extremely fast, occurring only four days after reaching its all-time high ATH of 19, Applying the second, more specific definition yields a different result, however. Using this second interpretation, Bitcoin entered a bear market on February 17, two months after the Dec 17, , ATH. Its closing price was 11, Bitcoin remains in a long-term bear market, trading at 4, Here are my chart-based calculations for each Bitcoin bear market going back to Time duration and maximum percent loss are included.
The time needed for Bitcoin to move from the bear market low to the next ATH is also included. Dates are calculated on a week-ending Saturday basis.
Some recover very quickly, while others can take months or years to make a new all-time high. Image: MotiveWave Ultimate. However, bear market 3 did much more technical damage. Once the low was made it took nearly days for it to make a new ATH. Statistical analysis is more reliable when at least 30 datasets are included. That said, here are some interesting Bitcoin bear market stats for your consideration:. Smallest drawdown : Shortest time between max drawdown and the next ATH: 14 days. Longest time between max drawdown and the next ATH: 1, days.
The recent bear market Dec. This suggests that Bitcoin sellers have been far more aggressive than buyers. The nearly 93 percent decline witnessed between November and February took only 84 days to complete. Once the bottom was in place, it took a whopping 1, days for Bitcoin to achieve a new ATH March After an 83 percent decline or greater , expect to wait a while before witnessing a new ATH.
Part of the reason for this is that the investors who suffered major losses fail to return to the market once the trend reverses higher. Therefore a new group of enthusiastic Bitcoin investors needs to step in to take their place before a new bull market can begin. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.