A noteworthy analysis regarding the recovery process in cryptocurrency markets has been published. Data and analysis platform Ecoinometrics revealed that declines in Bitcoin price are directly related to the recovery period.
According to an analysis shared by the platform via X, the deeper the decline in Bitcoin, the longer it takes to return to its previous peak levels. The analysis suggests that each additional 10% increase in the rate of decline adds an average of 80 days to the recovery period.
Calculations based on this model predict that, given Bitcoin’s current low level, it could take approximately 300 days for it to reach its previous all-time high again.
en.bitcoinsistemi.com