In case you need some reminding...

in #bitcoin4 years ago (edited)

It's time to bust out the 2017 BTC bull market chart...

In case you are starting to feel a little uneasy about bitcoin and the current bull market, remember that this stuff isn't out of the norm during a bull market for bitcoin.

Back in 2017 there were 6 pullbacks of roughly 30% or more.

Check it out:

image.png

(Source: https://twitter.com/BTC_Archive/status/1385546089055522818/photo/1)

After every single major dip like this the price went on to rally by more than 100%.

The average gain was actually closer to 150% before the next major correction.

That means we are going to see a major push higher in the not too distant future that probably is setting is up for that move to $100k and beyond.

The only question is whether that $47k was the low or not, I'm guessing it probably was...

And remember, things don't always go straight up forever:

image.png

(Source: https://steemit.com/bitcoin/@jrcornel/nothing-goes-straight-up-btc-in-consolidation-mode)

But that's not a bad thing.

Things just need to rest and cool off a bit before going higher again.

It's what bitcoin has always done on just about any time frame you look at.

Stay informed my friends.

-Doc

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Good tones which causes changes.

This one os worth sharing to many as a load of people are being scared by the recent drop... Unbeknownst to them, the heights are yet to come our ways.

Thanks for the good information, these graphs are telling.

Namaste :)

Buy the F dip!!!!

awesome post!
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lot of bot crap also...

brain washing and bot's trading shitcoins over themselves out of control and misprogramed beta test and lots of stealing abuse and devastating things like climate changes and nuckear power plant mining! god reminder!

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the begin is me telling a girl I was poor...
and then my neighbours stealing my mind and crypto!
lifes lost! a barfight etc