How Long Does it Typically Take Bitcoin to Recover After Major Crash?

The host of InvestAnswers shows by the data compiled in the article below that it takes @ 257 days from a correction to hit a new all-time-high. Bitcoin being Bitcoin, that could happen at any time, though

Here’s How Long It Typically Takes Bitcoin To Recover After Major Crash: InvestAnswers

“The anonymous host of InvestAnswers says historical data indicates Bitcoin (BTC) isn’t far off from a recovery.

The analyst tells his 405,000 YouTube subscribers that the average correction takes 89 days and the average pullback devaluates BTC about 57% from the top, adding that the average gains after a correction are a whopping 362%.

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. The 2011 bear market also took 631 days to recover to a new all-time high.”


Master Asked on January 25, 2022 in Bitcoin.
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