Bitcoin is currently directionless, but a reversal of the trend is always just around the corner. Already in 2015, BTC has experienced an unexpected Pump, when he crossed for the first Time, the 300$mark.
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Halloween Pump marks historic breakthrough
In 2015, the BTC has exceeded its limits and was able to achieve in the so-called Halloween Pump a price of over 300$.
Such a price there is nothing Unusual increase after 2017, although – 2015 BTC, however, was still quite new and had a completely different reputation. With much lower volumes and still of the consequences of the “Mt. Gox“Hacks plagued dared BTC is a pretty dramatic step.
The Halloween-Pump it came about a year after a similar event: the “Chew” of the Bärenwals – a big seller, runner-up of 30,000 BTC at $ 300. On 6. October 2014 was gegesseb the order of the Bärenwals, with prices later naughty way, were even higher.
Of course, BTC was much more flexible, as it was only offered for a few hundred dollars. But the last quarter of each year for BTC in General, significant Surprises. In the fall of 2017, was particularly dramatic, and created the historical all time high for BTC with over 19,600 $.
Bitcoin hopes for a year-end rally
After a disappointing third quarter, BTC is once again seeking signs that he could break out of the stagnant Phase. The proposed scenarios vary from a sudden price decline over the 6,000 $mark or below, to a sudden recovery. So far, BTC has not fulfilled the expectations to a high of US $ 15,000 and is increased only on of 13,800 dollars.
Now BTC is in a much better condition, which exceeds the values of 2015 the order of magnitude of Thousands – with better distribution and promotion. The Coin has survived a prolonged bear market, as well as dozens of Hard Forks, and none has managed to make Bitcoins leading Position in question.
Whether we have a Halloween rally is imminent? This is not fixed yet. The short-term development was in the last few weeks, not very promising. BTC is slipping in the course of the day on 8.076,04$, where many expect a temporary Low is in the range of $ 7,000. Currently, BTC has fallen by around 3%, a relatively large step in the light of recent price stability.
A big difference between the first Halloween rally and now: bitcoin market capitalization currently stands at 69%, while it was in the year of 2015, still at almost 90%. The Altcoins have become more liquid and more influential, with several assets from the Bitcoin market have decoupled, and independently of each other recover.
Text evidence: Bitcoinis, CHRISTINE VASILEVA