In this post, we will analyze the long-term price and trends of Bitcoin (BTC) from 2011 to the present day.
Bitcoin (BTC) is often referred to as the digital gold for Millenials and there’s been ongoing debates as to whether its volatility qualifies this number one cryptocurrency by market capitalization as a safe-haven against the future global economic crisis.
Long-Term Price Overview
We start with the monthly time frame as it gives a bird-eye-view of the early trend buildups, showing reversal patterns that have shaped the structure of the cryptocurrency market.
BTCUSD Monthly 2011-2013
Below is a close snapshot of the monthly chart showing the significant levels breached for the first Bitcoin BTC bullish campaign.