. After almost three years the Bitcoin course has finally broken the old all-time high (ATH). The Hodler had to go through so some in the last years. The Bitcoin price was the purest roller coaster ride. But now the Bitcoin course finally arrived and can now take new all time highs in attack.
After three long years of waiting, the Bitcoin share price today managed to surpass its previous all-time high of December 2017 ($19,660 on Bitstamp).
These three years were a mix of highs and lows. In 2018, Bitcoin went through a prolonged bear market in which many experts once again declared Bitcoin dead.
It is worth noting that not only the Bitcoin share price suffered so much. Most Altcoins had to endure much more. On average, most Altcoins lost over 90% of their all-time high by the end of 2018.
2019 was a year full of hope. In the summer, Bitcoin experienced an impressive rally, which came to a halt in June at around $14,000. From then on, the Bitcoin course went downhill. In March 2020, after the Coronavirus Pandemic, the price reached a low of about USD 3,800.
But the sell-off did not only affect the Bitcoin price here, but also the traditional market. Everything was sold. Cash was king. But this did not last long and shares and Bitcoin were able to recover within a few weeks.
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While the year 2020 is not yet over, the Bitcoin share price is currently showing massive increases, especially if you take the annual lows as a reference point.
Since the COVID19-induced crash in March, the BTC price has risen by more than 400%. And currently there are no signs that it will soon go south again.
Of course, we cannot draw any hasty conclusions, because the year is not over yet and in December there was often a strong price movement until now.
Nevertheless, it is worth noting that this price recovery was not caused by the interest of private investors, as was the case in 2017. Instead, large and institutional investors are the driving force.
Although the interest of private investors is also increasing, it is still far from being comparable to the hype of 2017. Exactly this crazy hype is what many expect in 2021, when the Bitcoin share price will sustainably exceed the 20,000 USD.
Currently, the BTC price is struggling above the 19,000 USD mark after bouncing off the 19,700 mark. We are curious when the 20,000 USD will finally be cracked and will keep you informed as always.