{"id":382273,"date":"2021-12-17T10:41:26","date_gmt":"2021-12-17T07:41:26","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/happy-bearday-bitcoin-its-been-3-years-since-btc-bottomed-at-3-1k\/"},"modified":"2021-12-17T10:41:26","modified_gmt":"2021-12-17T07:41:26","slug":"happy-bearday-bitcoin-its-been-3-years-since-btc-bottomed-at-3-1k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/happy-bearday-bitcoin-its-been-3-years-since-btc-bottomed-at-3-1k\/","title":{"rendered":"# Happy &#8216;bearday,&#8217; Bitcoin: It&#8217;s been 3 years since BTC bottomed at $3.1K"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4e6ddf8e9f1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4e6ddf8e9f1\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/happy-bearday-bitcoin-its-been-3-years-since-btc-bottomed-at-3-1k\/#Three_years_2125_upside\" >Three years, 2,125% upside<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/happy-bearday-bitcoin-its-been-3-years-since-btc-bottomed-at-3-1k\/#Hoping_for_a_%E2%80%9Cflush%E2%80%9D\" >Hoping for a &#8220;flush&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># H<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>y &#8216;bearday,&#8217; Bitcoin: It&#8217;s been 3 years since BTC bottomed at $3.1K <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) may be flagging below $50,000, but its bull market is actually three years old this month.<\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BITSTAMP\">TradingView<\/a>\u00a0confirms that Bitcoin bulls have at least something to celebrate as 2021 draws to a close.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Three_years_2125_upside\"><\/span>Three years, 2,125% upside<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Despite disappointing when it comes to end-of-year price expectations, BTC\/USD remains an order of magnitude higher than where it was even 18 months ago.<\/p>\n<p>March 2020 marked a brief return to near cycle lows in what had otherwise been a solid bull market ever since December 2018. At that time, Bitcoin capitulated to lows of $3,100 \u2014 a level that was never seen, and likely never will be seen again.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">SAME DAY THREE YEARS AGO <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>\u00a0 BOTTOMED OUT THE BEAR MARKET OF 2018<\/p>\n<p>\u2014 CRYPTO\u20bfIRB (@crypto_birb) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/crypto_birb\/status\/1471227282413006861?ref_src=twsrc%5Etfw\">December 15, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>It was Dec. 15, 2018 that Bitcoin ended an entire year of retracement from then all-time highs of near $20,000. Compared to this year&#8217;s $69,000 peak, BTC investors have thus had exposure to as much as 2,125% gains.<\/p>\n<p>Consolidation lasted for several months afterwards, with April 2019 the watershed moment as the market climbed towards the year&#8217;s high of $13,800.<\/p>\n<p>The anniversary of &#8220;peak bear&#8221; is timely, coming as analysts weigh the chances of consolidation and a slow grind upwards chraracterizing the end of this year and the beginning of the next.<\/p>\n<p>&#8220;Welcome to the chop season,&#8221; Cointelegraph contributor Micha\u00ebl van de Poppe <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1471562457692917762\">summarized<\/a>.<\/p>\n<blockquote><p>&#8220;The season where all the gains of day 1 are lost on day 2 and everything flip\/flops within 24 hours, also the ideas of people on the markets.&#8221;<\/p><\/blockquote>\n<p>As Cointelegraph reported, Sept. 15 formed another birthday for Bitcoin in the form of it spending an entire year above $10,000.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"1012\" height=\"558\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/9338cd4f-6c3b-4ac2-a514-bb78e2075abc.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-month candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Hoping_for_a_%E2%80%9Cflush%E2%80%9D\"><\/span>Hoping for a &#8220;flush&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While a return even to $20,000 is not on the cards for the majority of market participants, analysts are not discounting the idea that Bitcoin will dip considerably again in the short term.<\/p>\n<p><strong><em>Related:\u00a0Analyst lists 21 factors calling for Bitcoin price upside \u2014 But just 4 bearish signals<\/em><\/strong><\/p>\n<p>For popular trader Pentoshi, this could take the form of another <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Pentosh1\/status\/1471265519428849664\">leverage cascade<\/a> to &#8220;flush&#8221; excessive speculation from the market.<\/p>\n<p>Major support levels revolve around $40,000, a breach of which would put BTC\/USD on course to challenge its dip from after May&#8217;s miner rout.<\/p>\n<p>Conversely, a &#8220;max pain&#8221; scenario would in fact be a run higher towards $60,000, fellow trader filbfilb <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/filbfilb\/status\/1471353025298145286\">argued<\/a>\u00a0this week.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/happy-bearday-bitcoin-it-s-been-3-years-since-btc-bottomed-at-3-1k\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Happy &#8216;bearday,&#8217; Bitcoin: It&#8217;s been 3 years since BTC bottomed at $3.1K &#8221; Bitcoin (BTC) may be flagging below $50,000, but its bull market is actually three years old this month. Data from Cointelegraph Markets Pro and TradingView\u00a0confirms that Bitcoin bulls have at least something to celebrate as 2021 draws to a close. Three&#8230;<\/p>\n","protected":false},"author":1,"featured_media":382274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zNmVlMTY1NmRhMWNjZjgwZjFmMmMzN2QwMWZlN2ViMi5qcGc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-382273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/382273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=382273"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/382273\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/382274"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=382273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=382273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=382273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}