Bitcoin rising above $10,000, $11,000 and $12,000 surprised everyone in 2019 - but the takeaways from this year's surge makes for unbelievable reading.
Since November 2018, when turbulence from the bitcoin cash hard fork hit markets, BTC/USD has recovered three times over.
Just seven months later, bitcoin is topping out at $12,800.
According to one analyst even despite the $9,000 leg-up, Bitcoin in fact remains appropriately priced.
According to Bloomberg journalist Tracy Alloway, creator of a bitcoin price index based on - of all things - avocados, current BTC/USD levels show appropriate correlation.
Bitcoin has shared surprisingly similar behavior with Mexican Hass avocados during a mutual bear market.
According to exchange data, the price of bitcoin on major South Korean platforms has already passed $13,000.
As previously mentioned, strong bitcoin network fundamentals provided the backdrop to sustained price gains.
In the words of Hodlonaut, the Twitter user who returned to the platform amid a legal battle with infamous self-proclaimed Bitcoin creator, Craig Wright, bitcoin "Won" after reversing its hash rate downturn.
"This would meet the criteria of surprising the market, which is what bitcoin does best," he adds.
6 Surprising Takeaways From Bitcoin's 2019 Bull Run
Publicado en Jun 26, 2019
by Cointele | Publicado en Coinage
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