Topic: Graph of 2014 bubble vs 2018 (Read 138 times)
Kinda useful. This shows that history can possibly repeat itself. But on much higher values of course. That's why I'm not losing hope that bitcoin will make a higher ATH in the future.
Cool information mate! So you're suggesting we will have to wait a lot of time for a proper recover of the market? Honestly i think this summer will make us turn around! It's pretty likely!
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Pretty interesting graph but we don't know the future of bitcoin value. it still at a low value at this month but we can only wait if the price's goes up high once again.
I wish I could get hold of the data from the previous bubbles, suspect they are all pretty similar shapes.
I hope you find this useful. I have graphed the last two peaks of bitcoin.
Both lines start at the very top left, I've used the opening prices from bitcoin.com.
The first peak from 1st December 2013 was $1128.95 (Red line and right hand axis for values)
The second peak from 17th December 2017 was $19475.8 (Green line and left hand axis for values)
The graph shows that it took 411 days from the 2013 high to reach the last low before the price finally recovered.
What I take from this graph is that all things being equal we can expect the price to carry on declining for another year and maybe bottom out at $3k.
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