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Facts About Bitcoin Corrections
Why You Shouldn't Worry About This Retrace
Here’s something that will change how you view Bitcoin Bull Market corrections…
Let’s take a look at the 2017 Bitcoin Bull Market and segment the entire year into Quarters:
There are a few important things to note from this chart.
Uptrends are longer than corrections
Just visually speaking, we can notice that Bitcoin spends most of its time in an uptrend (green) throughout its Bull Market compared to time spent in corrections (red).
Corrections get shorter
Not only are strong Bitcoin Bull Market corrections much shorter compared to the Bull Market uptrends, but these corrections generally tend to get even shorter as the Bull Market progresses.
Just have a look at the latter Quarters of 2017. The corrections are much more brief compared to earlier corrective periods.
Every Quarter sees at least one correction
Every Quarter sees at least one strong Bitcoin correction, more commonly two (Q1, Q3, Q4).
The only Quarter that saw just one strong BTC correction was Q2.
Corrections tend to occur near the beginning or end of a Quarter
These corrections tend to begin at the beginning of a Quarter (e.g. Q1 & Q3) or near the end of the Quarter (Q1, Q2, Q3, and Q4).
The only time in 2017 where BTC experienced a mid-Quarter correction was in Q4, thought it was very brief.
Corrections tend to be -30% to -43% deep
The average Bull Market correction is about -35%.
Corrective periods are a natural, healthy part of any growth cycle.
In fact, throughout the 2017 Bull Market, Bitcoin experienced 6 major pullbacks which preceded new All Time Highs in price.
At the moment, Bitcoin is arguably experiencing its first major pullback in this new Bitcoin Bull Market.
The retrace at the moment is around -31% deep which is normal by standards of history.
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~ Rekt Capital