The king of cryptocurrency Bitcoin (BTC) which is holding 46% of the market share facing a downtrend. BTC recovering from the winter and signaling a “Buy Trend”.
Bitcoin started the year 2013 at $13.28. In the first quarter of the year, it climbed to the $30 level, then surged in the last week of March. By April BTC has reached the $100 level. In November Bitcoin had exceeded $1,000, but by December, the price had dropped to roughly $530.
BTC yearly price range
Bitcoin Price Lane Between 2014 to June 2022
In 2014 Bitcoin was traded for around $500 to $800 range after august again it went to the $300 level. BTC’s price remained the same and it wouldn’t reach $1,000 until 2017.
After two 2 years, Bitcoin broke the $1,000 range in February 2017 and this was the start of a bull run on BTC. In mid-May, prices doubled to $2,000, then jumped to nearly $19,000 by December 2017.
In January 2018 the maximum BTC point was roughly $17,500 range and the lowest point was around $3,236 in December 2018. Bitcoin’s price was at $7,200 by the end of 2019.
Bitcoin’s price began to accelerate in its upward when the coronavirus outbreak shut down the economy and raised fears of inflationary pressure on the US currency. Bitcoin’s price had climbed by almost 300% since January by December 2020. The price of the year ended up around $29,000 level the highest it had ever been.
Bitcoin doubled its value in 2021, but then crashed at the end of April 2022, wiping out almost all of the previous year’s profits. Bitcoin jumped to an all-time high of nearly $64,000 in the first half of 2021, then tumble to below $30,000 by the summer. In November, BTC reached a new all-time high of almost $68,000, but again bear caught its place in Bitcoin and started falling again.
Source Trading view
In mid-May, BTC reached the $26,000 level and lost half of its value. Still, bitcoin tumbled between the $29,000 to 32,000 range but it slightly increased from the prior month’s low. The month of June started with the greens on its chart and signaling “Buy Trend”. Bitcoin traded at $30,018.66 with a trading volume of $25,127,039,810.