Bitcoin Market Price Drop like 2015

The bitcoin price today has reached the same relative rate of decline as it did during the last major cycle almost four years ago. The decline has also taken almost exactly the same if just a few weeks early.

I’m posting this because I think its a rare event and I’m keeping an eye on the market for a correction and buying in.

The thirty day rate of change over time graph is showing that the current drop is so sharp that less than one half of a percent (13 days out of 8 years) of all past history exceeds it.

The drop from high cycle graph (red) shows the relative drop is now the same as it was in January of 2015. The time value (black) indicates that it has occurred slightly earlier than last time.

The average down from high data from this level to an all time high is 463 days, projecting forward that lands on March 14, 2020.

 

 

 

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