Bitcoin (CRYPTO: BTC) focused media outlet – TFTC highlights how every major BTC correction, though painful, paved the way for future rallies.
What Happened: Referencing a detailed Bitcoin historical correction chart, it is evident that despite being one of the world’s best-performing assets, it has experienced a significant number of substantial price drops. It highlights how the corrections vary from government bans to hack-induced crashes. While every Bitcoin “crash looked like the end,” it was just the beginning.
Comparing the timeline from January 2012 until May 2021, the data shows the high and low prices of each year. In early 2012, Bitcoin dropped 42.9% from Jan. 12 to Jan. 27, while August 2012 saw a swift …