Bitcoin Recovery Should Take Months
Updated
I've noticed that XRP had its first market cycle at like 30 or so cents. 33 weeks later, we hit all time highs again.
Let's not forget, we need to go up more than 100% to reach all time highs on Bitcoin again. The sell orders are too stacked to remotely see all time highs next month.
I would not try to predict bottoms either, wait for signs of trend reversals.
Let's not forget, we need to go up more than 100% to reach all time highs on Bitcoin again. The sell orders are too stacked to remotely see all time highs next month.
I would not try to predict bottoms either, wait for signs of trend reversals.
Comment
I use XRP has a benchmark because a lot of altcoins actually went up after 33X. If not, all of them.Comment
During MT.GOX it took 33 weeks to recover on the first bubble but sooner on the next? Disclaimer
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