Bitcoin takes about 1.7 times the duration of its decline to recover
The world’s largest cryptocurrency tumbled 70% from its high on 18 December to the 6 February low, but has since recovered and is trading around the $10,000 level.
Following a patter where bitcoin bottoms are Vshaped,
And based on analysis the coin since 2010 Bitcoin takes about 1.7 times the duration of its decline to recover. That time frame implies that it will take 85 days for the cryptocurrency to fully bounce back from its latest plunge, which lasted for 50 days—meaning it should rise to fresh records by midyear.
