first assessment
As with many new assets, Bitcoin’s valuation started very low: the Bitcoin’s first valuation was $0.001 in October 2009.
From 0 to 1000 dollars!
In November 2013 it reached 1000 dollars. The rise was impressive, BTC was trading at just over $100 2 months earlier.
will remain not much at this level. The correction that follows the rise is brutal, it is quickly found less than $400 climb quickly in the $800. But this level will not last long. Then the BTC will slowly fall (duration 1 year) about $200.
Long consolidation below $1000
With Bitcoin a mistake 2 years to find the $1000.
We note that volumes are increasing significantly since January 2017.
From $1,000 to $20,000
In December 2017 Bitcoin achieves a new all-time high of $19,891.
2021: the year of cryptocurrencies
After a very long 3-year correction, it breaks past $20,000 in 2021 to go up to $65,000It then sharply corrected again (up to 29,000 points) to return to its highest level. It is even allowed to hit an all-time high of over $68,000 by the end of 2021.
2022: the fall of cryptocurrencies
Today Bitcoin is at $19,710 (July 04, 2022) or a drop of more than 70% from its historical maximum.
overall trend
bitcoin is evolving very sharply bullish but with phases of great corrections. Of course, it remains very bullish in the long run.