It's been 3 years since BTC dropped to $3.1k.
The “real” pit of the bear market for Bitcoin has yielded over 2,000% gains for patient BTC holders.
Yayınlanma: 18 Aralık 2021 18:50
Güncellenme: 23 Kasım 2024 06:15
Bitcoin (BTC) may be trading below $50,000, but the bull market is actually three years old this month.
Data from Cointelegraph Markets Pro and TradingView confirms that Bitcoin bulls at least have something to celebrate as we approach 2021.
Three years, a 2.125% increase
While disappointing when it comes to year-end price prospects, BTC/USD remains an order of magnitude higher than it was even 18 months ago.
March 2020 marked a brief return to near-cycle lows, which has been a solid bull market since December 2018. At that time, Bitcoin capitulated to the lows of $3,100, a level that has never been seen and will likely never be seen again.
On December 15, 2018, Bitcoin ended an entire year-long pullback from its all-time high of $20,000. Compared to this year's peak of $69,000, BTC investors have therefore gained up to 2.125%.
It took several months after the consolidation, and April 2019 was the turning point as the market climbed to the year's high of $13,800.
The anniversary of the "peak month" came just in time as analysts rated the chances of consolidation and a slow rise that characterizes the end of this year and the start of the next.
