Three Years of Bitcoin’s Bullish Journey

As we bid adieu to 2021, Bitcoin (BTC) might be staring at a price tag under $50,000, but let’s not throw ourselves a pity party just yet. This month marks the third anniversary of its bullish ascent, and believe me, there’s reason to celebrate—at least for the winners who rode this wild rollercoaster from lows of approximately $3,100 back in March 2020!

Historical Perspective: The Rise from the Ashes

Can you imagine dreading your investments only to be greeted with a dazzling 2,125% upside? Let’s take a trip down memory lane. December 15, 2018, was the day Bitcoin saw its bottom after an entangled bear market that began in early 2018. Talk about a comeback! By the end of this year, we would see Bitcoin peak at a whopping $69,000, which downright stuns even the most seasoned traders.

Consolidation: A Trend or Just a Phase?

Post-2018, the consolidation phase kept traders on their toes until things kicked off again around April 2019 with a jump to $13,800. Currently, with analysts pondering the market, we find ourselves in a familiar “chop season,” as aptly put by Cointelegraph contributor Michaël van de Poppe. It’s the kind of period where gains today are evaporated tomorrow, and your trading plans feel like a game of musical chairs—will you be flat on the floor or dancing in profit?

The “Flush” Is Real: Are We in for a Dip?

Hold your horses! While most market watchers wouldn’t bat an eye at a scenario where Bitcoin dips back toward $20,000—a level that feels like a bad dream—we’re still grappling with what some analysts are dubbing a “flush.” Popular trader Pentoshi believes a leverage cascade could send shivers down the spines of many traders,