Bitcoin $20 thousand highs a year, bitcoin bounced back to $3500

Bitcoin has experienced a significant fluctuation in Monday trading, but this time than the average prices and volatility may rebound more meaningful. Compared with the past 6 months, bitcoin this time suddenly rose completely out of the price trend. Last year today, bitcoin hit since the birth of the all-time high of $20000.

Normally, any strong buying are random peak results, the peak quickly led to selling and strong integration. Today, the price trend is obviously different, the entire trading day has a strong and sustained buying. Yesterday, bitcoin prices continue to rise, continuously exceeded $3300, $3400 and $3500, the highest close to $3600, the highest since April 12th the biggest one-day percentage increase, which is considerable, and it is also the highest volume since December 7th day.

All this is released in the bitcoin record on the occasion of 1st anniversary.

With bitcoin in a few days ago fell to a year low, the first bitcoin currency hit a new high encryption history is starting to feel like a distant memory. However, the bitcoin record 1st anniversary, bitcoin has finally ended around $3200, according to Babbitt app data show that bitcoin rose more than 8% in 24 hours, about $3500.

December 17, 2017 (Beijing time December 18th): bitcoin record

Since the birth of bitcoin, bitcoin investment is like a long roller coaster experience, for those who can hold this by Nakamoto (Satoshi Nakamoto) design of the earliest encryption currency long enough people, bitcoin investment will usually bring significant benefits.

Ever since the world’s largest bitcoin exchange Mt. Gox was hacked and subsequent bankruptcy, bitcoin fell into a bear market after two years of hard, which makes many investors and traders bitcoin sniff at. What is worse, many people believe that bitcoin is destined to disappear forever, it is only a failure of technology experiment, never really play its potential. ,

However, in early 2017, the situation began to change. In February 2017, bitcoin prices exceeded the previous all-time high of $1149 (according to CoinMarketCap), and began a steady climb, and shows no signs of slowing down.

In 2017, bitcoin from multiple price adjustment in a strong rebound, continue to steadily rise. For the first time until October last year bitcoin exceeded $5000, the mainstream media began on the financial technology never heard of before There were many discussions. Investors at a much lower price to buy new assets, it flourishes story began to spread around the world, sparked a wave of greed.

Less than a month, bitcoin has almost doubled in value, as many families during Thanksgiving dinner conversation. After the holidays, this encryption currency price completely in a parabolic trend, breaking the $10 thousand mark. Even after less than three weeks, with bitcoin futures speculation occupy the entire market, bitcoin value doubled again in December 17, 2017 (Beijing time December 18th) reached a record high of $20 thousand price.

December 17, 2018 (Beijing time December 18th): after a year high

Now, by market capitalisation, bitcoin is the leading encryption currency, as of press time trading price of $more than 3500. After 12 months of falling prices, bitcoin hit 3125 U.S. dollars a year low, investors began to celebrate bitcoin rose suddenly in this anniversary, it is part of a gratifying rebound.

Parabolic rise bitcoin is broken, in February this year, there has been a sharp pullback to $5800, but quickly rebounded to more than $10 thousand. But the rally failed, another third rebound has ended in a peak decline gradually, forming a downward triangle – a bearish structure, possibility of further price declines is very high.

When this huge downward triangle at the peak, the repeated trial encryption currency fell below $6000 support seems to be too strong to break, after its price has plummeted 40%. The value of bitcoin has been from record highs last year fell more than 80%.

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