Bitcoin is looking set to end the year almost double its price at the beginning. The long term trend is still very strong and those gains are likely to continue for the next few years.
Bitcoin Up Over 90% YoY
Last Christmas, Bitcoin was priced at around $3,800. It had been through a brutal bear marking dumping over 80% from its all-time high the previous year.
Twelve months on and the king of crypto is holding $7,300 after another correction of almost 50%. The lows are getting higher and the gains are continuing for those that buy and sell at the right times.
In a year that has been painful for nearly all of the other cryptocurrencies, bitcoin has gained over 90%. If the pattern continues, and there is a bull run after the halving, next year’s low could be well into five figures.
Trader and analyst Josh Rager has been looking at…