patterns like this do exist and they tend to repeat themselves. for example it has been many years that bitcoin has a sizeable drop during January and then has a much bigger recovery in February. the repetition is because of the causes that are being repeated for example the fact that January is the first month of the year and also it coincides with the Chinese new year which is celebrated by many Asian countries.
but also it is because at some point people expect the same thing to be repeated so they act on it. for example they sell because they expect the drop!
the important thing is to have these patterns in mind but don't think of them as 100% rules.
Topic: Bitcoin dip history - page 2. (Read 408 times)
Bitcoin prices we have always been concerned that the decline in our opinion is only the market volatility. The reason for the decline may be that the whales are placing tapes, but they may not have been able to catch some people, so bitcoin will slowly rise up again in March at most.
In addition, Bitcoin is the first currency that can not be in control of its value by Institutions, Companies, governments, even the creator of the currency though.
I disagree. Bad news about crypto's from these organizations immediately make the price dip.
Bitcoin is a currency like Dollar, Pound Sterling and others. However, Bitcoin is digital and has very strong data encryption. In addition, Bitcoin is the first currency that can not be in control of its value by Institutions, Companies, governments, even the creator of the currency though. Bitcoin design is a Peer-to-Peer transaction technology where transactions do not require third parties who always take advantage. Crypto currency is also decentralized, meaning that it is not centered on a single administrator so that all transaction records in blockchain ledger (Ledger Blockchain) can be managed by all Bitcoin users in the world.
The bitcoin price dip since there is something common. The price dip at the middle of January since 2014. It could be this is already a behavior of Bitcoin price. Investors/Traders should be watchful on this.
Yes I agree with this and the price dip in the middle of January 2014 is really a great example of the current market situation and the dips in really a watchful for all the traders and investors as it could help traders on finding the Bottoming pattern and it will also guide us how Strong is the correction and how much strong is the riding uptrend. I mostly use the correction depth to find out the strength and weakness in the trend and then enter my trades according to that so that I don't risk too much and I don't miss the timing of the entry. Everybody can do it, here it just needs some knowledge and practice of the skills at least for three consecutive months to get some grip on it.
The bitcoin price dip since there is something common. The price dip at the middle of January since 2014. It could be this is already a behavior of Bitcoin price. Investors/Traders should be watchful on this.
Everything in crypto is at a healthy pullback after that massive upward trend. It will likely to do it again after some time.
The bitcoin price dip since there is something common. The price dip at the middle of January since 2014. It could be this is already a behavior of Bitcoin price. Investors/Traders should be watchful on this.
I think the situation was different back then.. Bitcoin wasn't experiencing scalability issues like what is happening now. People are slowly realizing that there are other options rather than Bitcoin as the main payment platform because of this.
The bitcoin price dip since there is something common.
The same TA's that came out that history is repeating itself and there's a similarity that bitcoin went through the same charts for past years.The price dip at the middle of January since 2014. It could be this is already a behavior of Bitcoin price. Investors/Traders should be watchful on this.
The rapid growth of bitcoin makes these dips appeared so within our observation last year, from $1,000 ---> nearly $20,000 that how bitcoin moved on 2017 and if we will take a look on the past years, the same thing happened but on 2013 there's a crash that happened. Due to this, every January of each year there's something happening so yes, be watchful.
Bitcoin grew more than 1000 folds and market is speculative in growing too fast these dips are indications for new money coming in this time BTC price will grow to 25000 dollars before march
The bitcoin price dip seems there is something common. The price dip at the middle of January since 2014. It could be this is already a behavior of Bitcoin price. Investors/Traders should be watchful on this.
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