Bitcoin's recent gains suggest potential for a record $105,000 high if history is any guide $BTC
Notable streaks of monthly gains for Bitcoin include a six-month stretch from November 2012 to April 2013, during which its price increased from around $10 to over $259. Another significant period was the six-month streak from April 2017 to August 2017, when Bitcoin's price rose from approximately $230 to over $400. These past trends provide further context for the potential of a surge to the much-coveted $100,000 mark in the future.
Last year, Bitcoin suffered a 60% plunge following a series of high-profile industry failures. The most significant of these was the implosion of cryptocurrency exchange FTX. With the potential for a surge to $100,000 on the horizon, investors and enthusiasts alike will be keeping a close eye on the cryptocurrency's performance in the coming months.
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