Bitcoin Valuation History

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!

Bitcoin’s first big breakthrough

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.

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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.

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