Historical Analysis: Patterns of Price Surges
Bitcoin’s price history reveals a recurring pattern of consolidation phases followed by remarkable surges. Dating back to its early days in 2010, Bitcoin has experienced multiple cycles where periods of stability were succeeded by exponential price increases.
In 2013, for instance, Bitcoin witnessed a dramatic surge from around $16 to $739 in just a few quarters after a period of consolidation around lower price levels.·
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