Bitcoin Falls: A Brief History of the Ascensions from the Ashes

At the end of 2017, the main crypto currency Bitcoin reached a mark of $ 20,000. Many believed that the next target of $ 100,000 was just around the corner. But after that, the strongest collapse of the BitCoin price followed. Literally in a couple of months Bitcoin was traded only $ 7,000. The Crypto-currency has lost 65% of its value. The bubble has burst and will never blow up again. Do not rush with conclusions. The brief history of Bitcoin knows some very similar cases and each time the crypto currency managed to refute the skeptics, not only returning the lost positions, but exceeding their values in tens or even hundreds of times.
Consider the most characteristic situations when Bitcoin, after losing 70% -90% of its value, has risen from the dust.

April 2013
Period from the beginning of 2012 to the end of 2013 was unremarkable. Bitcoin steadily rose in price and began 2013 at around $ 13.00, forming a maximum of 2012 at $ 17.00. The beginning of 2013 was marked by a bullish phase for the crypto currency, which moved the historical maximum to $ 32.00, and then reached $ 49.00, after which within a one-day correction slipped to $ 33.00.
Many new exchanges and traders, as well as wider coverage in the media, helped bitcoin to recover quickly. Until April, the price rose, but at around $ 260.00 bulls surrendered, and the fall accelerated under the influence of a negative news background around then the most popular crypto exchange Mt. Gox. As a result, profit-taking turned into a free fall, which stopped only at around $ 40.00 - a loss of 83%.

November 2013
The largest and most revealing collapse, during which bitcoin has lost 87% in price, occurred in late 2013. The period from November 2013 to January 2014 was almost a mirror image of the dynamics of the last months of 2017 - early 2018, when a powerful influx of new traders and media attention threw bitcoin to new heights.
At the end of 2013, the price was approaching $ 1,200.00 - a psychologically significant level, which led to a subsequent fading of interest in the crypto currency. After a total of 411 days in the correction mode, largely influenced by events on the Mt. Gox, the price reached the November low at around $150.00 in January 2015.

November 2017
Four years later reaching the four-digit mark, the crypto currency pierced the $ 10,000.00 mark and almost reached the level of $ 20,000.00, after which it lost momentum. What was further is well known by all. The question is what to expect in the future? As we can see, history itself prompts an answer. Bitcoin each time managed to rise literally from the ashes and show new even more amazing highs. So, from this point of view current prices looks like a great opportunity to start all over again and take part in the next crypto rally.