Bitcoin technical analysis. BTC-USDT on December 12, 2018December 12, 2018
If you look at the BTC on a larger scale, you can see that in 2014 the absolute high was on December 5th. Before the first serious upward movement, Bitcoin fell by about 70%. In our case, the growth was in the middle of December, and from 20,000 to 6,000 rollback was also about 70%. 6000 is the level from which we jumped to a serious correction (12000), which is about 100%. Also on April 11, 2014, a 100% growth began. November 12, 2014, the last wave of the drain began, with a conditional bottom breaking through. It lasted until January 15, 2015. The total correction in 2014 was 87%, we now have 83%. 87% in our case is 2500. But as a percentage of the last growth until the end of the correction in 2014, we fell by 66%. Now from 10,000 we have fallen by 67%.