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Comparing Bitcoin’s (BTC) May 19 Correction to Those In 2017

2 mins
Updated by Ryan James
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In Brief

  • BTC corrected four times after ATH in the 2017 bull run.
  • BTC has corrected twice after ATH in the current bull run.
  • There is a difference in length between the 2017 and current bull runs.
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The Bitcoin (BTC) price has decreased considerably since reaching an all-time high price on April 14.

This is the second major correction since breaking the previous all-time high. In 2017, there were four corrections after the all-time high breakout.

We will only measure correction larger than 20%, occurring after the previous all-time high of $1177 was broken (white horizontal line) The all-time high was broken on Feb. 27, 2017.

For BeInCrypto’s latest bitcoin (BTC) analysis, click here.

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Valdrin Tahiri
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst. (I do not have a discord and will not contact you first there. Beware of scammers)