.."How long bitcoin price bounces back above.."

[jomz312]

I'm so afraid guys,altcoin specially the btc are continuously down.

BTC/USD hit a bottom of $7625 in morning trading before exiting considerably higher, breaking $8793 at press time.

Bitcoinist had earlier cited online trading sources forecasting a price floor against USD as low as $7300.

[swami84]

Remember there is a SEC and CFTC discussion on crypto on Feb 6th. Depends on how media spins it, it can be another blood bath

[krm4700]

this decrease is due to the fact that India is a big majority, but a certain number of steps must be taken since it is time to recover

[DiceChain]

uncertain. maybe 1 month. or longer. Looking at the chart is very similar to 2017. 2017 takes two months for the market to recover and go up

[cindygirl]

It's really hard to predict with any certainty, I would say that generally a recovery takes at least twice as long as a crash so based on that we're looking at at least 2 months. This isn't really based on anything other than my observations though. Of course there are examples when this is not true. It also depends what level you're looking to recover to, 10k could be today, 15k could be next week but 20k might not even be this year.

[Xxxurrrad]

I agree, it is necessary to wait for the middle of February and then it will be possible to analyze how quickly the market will recover. A few good news in a row and then the situation will change a lot.