Looking forward to 2021
- Bitcoin has had a very volatile trading history since it was first created in 2009. The digital cryptocurrency has seen a lot of action in its fairly short life. Bitcoins initially traded for next to nothing. The first real price increase occurred in July 2010 when the valuation of a bitcoin went from around $0.0008 to $0.08 for a single coin. The currency has seen some major rallies and crashes since then.
In 2019, bitcoin saw a new resurgence in price and volume, rising in fits and bursts to around $10,000 by June. However, as history tends to repeat itself, by the end of the year, the price of bitcoin fell back down to around $7,000 and has been fluctuating since. In 2020, the high of bitcoin capped out at just under $10,000 and hit a low of about $5,000 with the market crash in March. It's been steadily recovering since.
- The price reached a peak of nearly $20,000 per bitcoin in late-2017 and has since fluctuated quite a bit, averaging at about $8,000 as of May 2020.
The price goes up after every BTC Halving. We know that. It takes some time for this to happen. So I guess we'll probably see an ATH in
2021.BTC
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