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Bitcoin Hits a 15-Year Milestone: Second Highest Anniversary Close Ever

Press Releases Crypto News BeInCrypto Bitcoin Hits a 15-Year Milestone: Second Highest Anniversary Close Ever

Yesterday’s cryptocurrency market crash caused the price of BTC to drop 10% in just 2 hours. However, such volatility – typical of the digital asset class – does not impress long-term investors.

This is especially clear when considering the entire history of the Bitcoin network to date and the valuation of the oldest cryptocurrency.

BTC Holds Strong at $43,000 Despite Crash

Well-known analyst @therational r o ot pointed out yesterday on X (Twitter) that despite the market crash, the price of BTC is still very high. Yesterday’s close near $43,000 is the second-highest close for the Bitcoin price. This is considered when looking solely at the anniversaries of the oldest blockchain network. The Bitcoin network is now 15 years old.

In addition, the analyst also published two other important charts. The first is an update of his famous spiral chart of Bitcoin’s 4-year cycles. If the historical fractals are to be believed, with the beginning of 2024, the BTC price can be expected to begin a 2-year bull market.

On the other hand, the second is a chart of Bitcoin’s halving progress, which is expected in April 2024. This crucial event for BTC supply is now 92% complete.

BTC Price on the Network’s 15th Anniversary

Looking at the details of the chart of the Bitcoin price recorded on each of the network’s 15 anniversaries, we see that yesterday’s close is the second-highest ever. Only in 2022 was the BTC price higher than yesterday’s $43,450, at $46,451. All the other 13 anniversary days ended with a lower price for the oldest cryptocurrency.

Interestingly, 12 months ago, in 2023, the price of BTC was $16,670, even lower than the close recorded in 2021. Moreover, it was only $1,500 higher than the January 3, 2018 price. Which was just after Bitcoin reached its historic ATH near $20,000.

BTC price o

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Author: Jakub Dziadkowiec

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