Bitcoin Attempts Recovery – A Positive Sign to Watch Crypto Market

[shariarporosh]

Bitcoin Attempts Recovery – A Positive Sign to Watch Crypto Market



Bitcoin has been struggling to sustain above the psychological level of $40,000 as the short-term price action continues to be dictated by the US equity markets. However, that has not halted Bitcoin purchases both by the whales and retail investors.

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[skrimon]

The host also notes that the average period for Bitcoin to recover to a new all-time high after a correction is 257 days. That number, however, is ballooned by the bear markets in 2017-2018 and 2013-2015, which took 1,079 days and 1,181 days to recover, respectively.