Currently, the longest ever crypto bear market was seen between November of 2013 and January of 2015, where Bitcoin\u2019s price climbed to highs of over $1,100 before crashing to lows of $178.<\/p>\n
Although this nearly 85% drop was significant, it\u2019s no secret that Bitcoin quickly recovered from this and surged almost continually until December of 2017 when BTC<\/a> reached highs of over $19,000.<\/p>\n The aforementioned drop between late-2013 and early-2015 lasted a total of approximately 410 days before Bitcoin<\/a> finally established a long-term bottom and began to recover much of its losses. The current BTC bear market is just a matter of days away from becoming the longest in its history.<\/p>\n Josh Rager, a popular cryptocurrency analyst on Twitter, spoke about the current length of the bear market as compared to that which began in 2013, saying:<\/p>\n \u201c$BTC correction record: On Feb 2nd, we are likely to break the record for longest Bitcoin correction: 410 days (from Nov 2013 to lowest price at Jan 2015)\u2026 Very soon, you will be able to say that you survived the longest crypto market correction in $BTC history.\u201d<\/p><\/blockquote>\n https:\/\/twitter.com\/Josh_Rager\/status\/45841408<\/p>\n Although the cryptocurrency markets are undeniably in a very different position today than they were in 2015, if the current pricing action continues to closely mirror that of 2015\u2019s, the markets could be nearing a long-term bottom that will spark a long period of accumulation before the markets begin to rise again.<\/p>\n Galaxy, a popular cryptocurrency analyst on Twitter, spoke about<\/a>\u00a0this possibility in a recent tweet, drawing a striking parallel between the two markets.<\/p>\n \u201cWe\u2019re approaching the\u2026mark which ended the 2015 bear market and if history repeats itself, we\u2019re moving towards several months of accumulation and a new bull cycle starting mid-late 2019,\u201d he noted while referencing a chart that shows the 2014 bear market which lasted until 2015,\u201d Galaxy told his followers, also noting that the \u201cfuture lies in the study of the past.\u201d<\/p><\/blockquote>\n "The future lies in the study of the past"<\/p>\n We're approaching the 420 day mark which ended the 2015 bear market and if history repeats itself, we're moving towards several months of accumulation and a new bull cycle starting mid-late 2019. $BTC<\/a> #bitcoin<\/a> pic.twitter.com\/VX8ok9oFue<\/a><\/p>\n — Galaxy (@galaxyBTC) January 14, 2019<\/a><\/p><\/blockquote>\nWill Bitcoin Follow 2015\u2019s Market Patterns?<\/strong><\/h2>\n
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