Let's see how it did in the past during similar situations.


Will the Bitcoin reach again USD 10,000 before the end of the year ?-bitcoin-1-gif

In June 2011. Up movement: 62 days. Down movement: 163 days. Lowest: 97% of the move. 431 days to reach 50% for the first move (from the beginning of the fall), 541 days to reach 100%.

Will the Bitcoin reach again USD 10,000 before the end of the year ?-bitcoin-2-gif

January 2012. Up movement: 49 days. Down movement: 124 days. Lowest: 63% of the move. 43 days to reach 50% for the first move, 182 days to reach 100%.

Will the Bitcoin reach again USD 10,000 before the end of the year ?-bitcoin-3-gif

August 2012. Up movement: 96 days. Down movement: 84 days. Lowest: 75% of the move. 6 days to reach 50% for the first move, 150 days to reach 100%.

Will the Bitcoin reach again USD 10,000 before the end of the year ?-bitcoin-4-gif

April 2013. Up movement: 155 days. Down movement: 129 days. Lowest: 85% of the move. 9 days to reach 50% for the first move, 207 days to reach 100%.

Will the Bitcoin reach again USD 10,000 before the end of the year ?-bitcoin-5-gif

December 2013. Up movement: 77 days. Down movement: 682 days. Lowest: 94% of the move. 173 days to reach 50% for the first move, 759 days to reach 100%.

Will the Bitcoin reach again USD 10,000 before the end of the year ?-bitcoin-7-gif

December 2017. Current debacle. Up movement: 808 days. Down movement: 276 days and still in progress. Lowest: 71% of the move. 87 days to reach 50% for the first move, the price has not yet reach 100%.

There is no clear pattern. The price has touched a nice bottom. It has already broken the 50% level. It could go further with the down movement, awaiting positive news from central banks. Of course, the Bitcoin could totally crash. It is difficult to imagine that it could be over USD 20,000. However, it is technically a product that will be rarer than Gold and increasingly used to back other cryptocurrencies, to buy them also.