How Low Will Bitcoin Go? (Part 1)

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Here I take a quick look at the 500% rally in Bitcoin price in 2011-2013 to see what we can learn about how this market has corrected in the past after making huge gains. We can spot a few key characteristics and levels. In my next post, I will apply this analysis to the 2017 rally and see what we might expect from the current correction.
Note
See Part 2 here:
How Low Will Bitcoin Go? (Part 2)
Bitcoin (Cryptocurrency)BTCUSDCryptocurrencyFibonacciSupport and ResistanceTrend Analysis

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