Magic limit of $ 10,000 reached! New ATH from BTC price seems in sight

Bitcoin is $ 10,000! The last time that bitcoin had that value was in March 2018. In this article we explain what this psychological milestone means for trading platform BTC Direct and we look at striking figures. The latest figures from BTC Direct show many similarities with the figures at the start of the bitcoin bull market in 2017. Not only were records broken in the bitcoin price on a daily basis, but the figures from BTC Direct also achieved highs every time.

Contents hide

1 What does $ 10,000 mean for BTC Direct?

2 Trading volume at BTC Direct is also increasing

3 But three months with a loss

4 But two bad years for bitcoin

5 Related posts:

From the current sales figures of BTC Direct it seems that old times are reviving.

What does $ 10,000 mean for BTC Direct?

If we dive into the figures of BTC Direct, we see that the size of the average bitcoin purchases is increasing sharply. The graph below shows that the absolute high point was at the end of 2017, early 2018, when the value of bitcoin rose from $ 10,000 to $ 20,000 within 19 days.

After the peak, the average size of an order has only fallen. Until April 2019. In that month, the value of bitcoin increased by forty percent and you immediately saw the size of the orders increase. And now the index has broken through the 100, just like in 2017. Then the bitcoin rate slowly crept towards 10,000 dollars.

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Trading volume at BTC Direct is also increasing

If we look at the number of transactions on the BTC Direct platform, you can see that here too the index has been broken on the way to the $ 10,000 limit. The last time that happened was exactly two years ago. Even then the rate was getting ready for 10,000 dollars. It now appears that there is increasing consumer confidence in a rising bitcoin price.

The absolute peak was reached when bitcoin was worth $ 20,000. After that, the number of transactions continued to fall until the end of 2018. At that time, bitcoin experienced a low point in terms of price, which many consumers made grateful use of by purchasing bitcoin. Since then, the number of transactions has only been growing. In May of this year, the number of transactions was also broken by the 100 index.

But three months with a loss

Bitcoin has been in existence for ten years and five months, or 125 months. If you bought and held bitcoin in 122 of these months, your stake will be worth more. So there are only 3 months in the entire history of bitcoin that were not profitable to buy and keep bitcoin.

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The three months in which investors (for the time being) had better not buy a bitcoin are:

December 2017, at the height of the hype and peak of the fast rise of bitcoin.
January 2018, when Bitcoin crashed for the first time and tried to find its way up.
February 2018, in this month the rate fell back to $ 6,000 and then shot back to $ 10,000.

But two bad years for bitcoin

Many investors use technical analysis to analyze the price. If you zoom out on such an analysis, you can see that there have only been two years in which bitcoin wrote red numbers. Below each bar represents one year.