#Bitcoin #CryptoMarket #BTCDominance #MarketTrends #SeriousAnalysis What are the likely consequences of the following historical observation?
The observation that Bitcoin (
$BTC ) reaches an all-time high (ATH) followed by a decline over a 2-8 month period is generally correct.
Historically, after reaching an ATH, Bitcoin has often experienced phases of correction or consolidation before resuming an uptrend.
Historical examples:
December 2017: Bitcoin reached an ATH of around $20,000. Its price then declined gradually over several months, reaching around $6,000 in June 2018.