This is simple math,
BTC reached around 19,500 USD in Dec2017, after that 2018 came and prices stayed down all the year, with the lowest value being around 3,200 USD in Dec2018. After that the market recovered (that time!).
So, that means BTC lost 83% of is ATH in around a year. If we apply the same numbers to what is happening to day, we get a value around 11k. Yes, 11,000 USD per BTC! Totally unbelieable, I hope I'm wrong.
The math is simple,
69,000 USD (Nov2021)* 0.17 = 11,730 USD.
Again, I hope I'm wrong and this time is differente as crypto is a little more mainstream that back then.
Also, eveything time this has happened before, a new ATH comes later (days or months later)!
What do you think?
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