Bitcoin on a Bull Run?

Bitcoin on a Bull Run?

Bitcoin on a Bull Run?

The cryptocurrency has made an impressive recovery, rising over 150% since December

The cryptocurrency has made an impressive recovery, rising over 150% since December

The cryptocurrency has made an impressive recovery, rising over 150% since December

2013

2013

2013

2019

2019

2019

Bitcoin has seen some extreme highs and lows over its short history.

Bitcoin has seen some extreme highs and lows over its short history.

Below is a look at BTC's rebound over the past six months:

Below is a look at BTC's rebound over the past six months:

  • $3,200

    Bitcoins drops to 14-month low of $3,200
    $5,000
    $3,000
  • $3,878

    “Data Shows Bitcoin Could Be on the Verge of a Bull Run”
    $5,000
    $3,000
  • $3,399

    Bitcoin’s price hits its low point on the year
    $5,000
    $3,000
  • $4,025

    Bitcoin average daily trading volume reaches new high since April 2018
    $5,000
    $3,000
  • $5,572

    Binance’s Singapore-based fiat-to-Bitcoin exchange launches
    Bitcoin sees a “golden cross”, a pattern many believe signals a bull market
    $7,000
    $5,000
  • $5,746

    “Fidelity Will Offer Cryptocurrency Trading Within a Few Weeks”
    $7,000
    $5,000
  • $7,814

    “Bitcoins emerges as a global hedge while stocks tumble in US-China trade war”
    $9,000
    $7,000
  • $7,884

    Bitcoin’s price and trading volume reaches a new high for the year
    $9,000
    $7,000
  • $3,200

    Bitcoins drops to 14-month low of $3,200
    $5,000
    $3,000
  • $3,878

    “Data Shows Bitcoin Could Be on the Verge of a Bull Run”
    $5,000
    $3,000
  • $3,399

    Bitcoin’s price hits its low point on the year
    $5,000
    $3,000
  • $4,025

    Bitcoin average daily trading volume reaches new high since April 2018
    $5,000
    $3,000
  • $5,572

    Binance’s Singapore-based fiat-to-Bitcoin exchange launches
    Bitcoin sees a “golden cross”, a pattern many believe signals a bull market
    $7,000
    $5,000
  • $5,746

    “Fidelity Will Offer Cryptocurrency Trading Within a Few Weeks”
    $7,000
    $5,000
  • $7,814

    “Bitcoins emerges as a global hedge while stocks tumble in US-China trade war”
    $9,000
    $7,000
  • $7,884

    Bitcoin’s price and trading volume reaches a new high for the year
    $9,000
    $7,000
  • $3,200

    Bitcoins drops to 14-month low of $3,200
    $5,000
    $3,000
  • $3,878

    “Data Shows Bitcoin Could Be on the Verge of a Bull Run”
    $5,000
    $3,000
  • $3,399

    Bitcoin’s price hits its low point on the year
    $5,000
    $3,000
  • $4,025

    Bitcoin average daily trading volume reaches new high since April 2018
    $5,000
    $3,000
  • $5,572

    Binance’s Singapore-based fiat-to-Bitcoin exchange launches
    Bitcoin sees a “golden cross”, a pattern many believe signals a bull market
    $7,000
    $5,000
  • $5,746

    “Fidelity Will Offer Cryptocurrency Trading Within a Few Weeks”
    $7,000
    $5,000
  • $7,814

    “Bitcoins emerges as a global hedge while stocks tumble in US-China trade war”
    $9,000
    $7,000
  • $7,884

    Bitcoin’s price and trading volume reaches a new high for the year
    $9,000
    $7,000

4

Things That Caused The Recent Growth Spurt

Things That Caused The Recent Growth Spurt

Things That Caused The Recent Growth Spurt

Technical Milestones

Technical Milestones
Technical Milestones
Bitcoin broke through the mental threshold of $5,000, achieving the golden crossover (a situation where the 50-day moving average overrides the 200-day moving average)
Bitcoin broke through the mental threshold of $5,000, achieving the golden crossover (a situation where the 50-day moving average overrides the 200-day moving average)
Bitcoin broke through the mental threshold of $5,000, achieving the golden crossover (a situation where the 50-day moving average overrides the 200-day moving average)

Widespread Adoption

Widespread Adoption
Widespread Adoption
Bitcoin is experiencing a steady increase in adoption across several markets. It's becoming easier to make purchases with BTC.
Bitcoin is experiencing a steady increase in adoption across several markets. It's becoming easier to make purchases with BTC.
Bitcoin is experiencing a steady increase in adoption across several markets. It's becoming easier to make purchases with BTC.

Shifting Sentiments

Shifting Sentiments
Shifting Sentiments
There have been fewer negative articles about Bitcoin, and the stories that are negative no longer have as big of an impact as they once did.
There have been fewer negative articles about Bitcoin, and the stories that are negative no longer have as big of an impact as they once did.
There have been fewer negative articles about Bitcoin, and the stories that are negative no longer have as big of an impact as they once did.

Gold Investment Wavering

Gold Investment Wavering
Gold Investment Wavering
A portion of investment dollars may be flowing into Bitcoin as an alternative to gold.
A portion of investment dollars may be flowing into Bitcoin as an alternative to gold.
A portion of investment dollars may be flowing into Bitcoin as an alternative to gold.

This isn't the first time!

This isn't the first time!

This isn't the first time!

Bitcoin has undergone 3 bull runs thus far.

Bitcoin has undergone 3 bull runs thus far.

Bitcoin has undergone 3 bull runs thus far.

JUL 2013 - DEC 2013

JUL 2013 - DEC 2013

JUL 2013 - DEC 2013

$91

JUL 2013

DEC 2013

1,169%

$1,115

$91

JUL 2013

DEC 2013

1,169%

$1,115

AUG 2015 - DEC 2017

AUG 2015 - DEC 2017

AUG 2015 - DEC 2017

$209

AUG 2015

DEC 2017

9,512%

$20,089

$209

AUG 2015

DEC 2017

9,512%

$20,089

$209

AUG 2015

DEC 2017

9,512%

$20,089

Source: coinmarketcap.com

Source: coinmarketcap.com