(
From December 4, 2013, to January 4, 2015, in a 400-day period, the bitcoin price dropped by over 80 percent, recording the worst correction in its history. The mid-term decline in the price of bitcoin was prolonged by a four-month period during which BTC rebounded to its previous support level and remained above that level before inevitably falling by more than 80 percent.
If the price chart of bitcoin year-to-date is compared with the price chart of bitcoin from December, 2013 to January, 2015, with the chart of BTC from 2013 to 2015 compressed, the price trend of BTC seem nearly identical to its price trend in 2014 with one key difference: speed.
Given that bitcoin has experienced the 2014 correction in almost a fast-forwarded fashion, it is highly likely that the correction of BTC in 2018, considering the difference in market conditions and regulatory state of the industry, ends significantly faster than the correction in 2014.
