Reddit compares Bitcoin bear market of 2018 to previous ones

13 May, 2019
by Alberto Arnaldo
Adoption
Reddit compares Bitcoin bear market of 2018 to previous ones

The last three bear markets of Bitcoin were compared by a Redditor today. The comments show a wide arrange of attempts at predicting how long will it take before cryptocurrencies enter full bull mode again.

It should be taken into account that the end of a bear market is fully certified when price crosses the previous all-time highs. With the graph below as a reference, it becomes clear that the bear market which ended on 2017 took about 1150 days to fully retrace, meanwhile the bear market which ended in 2013 only took about 625 days to complete the same cycle.

Redditors have taken the chance to share their predictions and calculations as to when certain price ranges will be reached, such as 10k and 20k.

Plenty of others shared their expectations as well, some without making use nor reference to the charts and data presented by the OP.

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Read more about: Bitcoin (BTC)

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