As the end of this year comes, a lot of BTC ‘s enthusiasts, as well as traders alike are probably asking themselves numerous questions, and the biggest one of them would be what is going to happen with Bitcoin within the following 60 days?
Price explosions of BTC since 2015
Since 2015, we were witnesses of a few price explosions for Bitcoin BTC’s during the last months of each year. For instance, last year, the month of December has been marked as a time when BTC reached an all-time high level of almost $20, 000. However, in 2016, Bitcoin shot nearly $1,000, which has been considered as a relatively big deal at that time.
But, in 2015, which was the especially exciting year in the sense that Bitcoin has ultimately repeated its behavior at the time of the tenfold. For example, three years ago, in January, Bitcoin fell below the $200 mark, and it has caused panic in the crypto streets.
While the currency had ultimately fallen since the year 2013 when it was actually trading for over $1,000, BTC had at least ended 2014 at around the $400 level.
Gradual rises of BTC through 2016
In the month that followed, the currency also crashed and was experiencing its lowest trading volume in some period of time. From there on, the favorite crypto for everyone was spent ten or eleven months trudging through the doldrums until November, when the price has spiked beyond the $300 level.
Bitcoin had also lived in the gutter for virtually one year, and after that, it experienced a new high which left people wondering what is going to occur next.
After that, BTC experienced some gradual rises through 2016 and even better ones in the last year. In January this year, the currency suffered several nasty falls which saw it lose large percentages of its value, much like what has happened in early 2015.
What BTC did in this year mirrored 2015
Actually, most of what BTC did in 2018 has also reflected in 2015. It also spent roughly in 2017 in a very dark place, experiencing consistent, as well as regular price drops and seemingly not being able to free itself.
If BTC repeated its behavior from 2015 up to this point, who is there to say that things are not going to continue? Now being in November, there is a possibility that another rally is on our way as we saw in 2015? Could Bitcoin also start ascending the financial ladder suddenly once again?
The November and December of each year look like presenting some wild changes to the overall price and demeanor of BTC. Such a quick jump can seem unrealistic on paper, we were witnesses a lot of times that in the world of cryptos, nothing seems impossible, and traders also learned to keep their eyes open for only about anything.