5 Facts About Bitcoin Corrections
Bitcoin is currently in a Bull Market.
But that doesn’t mean that price won’t pullback to lower levels.
In fact, corrections are a natural, healthy part in any growth cycle.
But once the correction is over, this is when Bitcoin’s price shoots back up and rallies to new highs.
In this article, I will divide the 2017 Bitcoin Bull Market into Quarters to illustrate a variety of insights about Bitcoin corrections and the uptrends these tend to precede.
Here are five facts about Bitcoin corrections:
1. Uptrends are longer than corrections
Throughout its 2017 Bull Market, Bitcoin spent most of its time in an uptrend (green) compared to time spent in a correction (red).
In fact, throughout the 2017 Bull Market, Bitcoin spent a total of 267 days in an uptrend and only 98 days in a downtrend.
That means Bitcoin spent a staggering 73% of the entire year in an uptrend!
The average time BTC spent in an uptrend in 2017 was around 50 days.
