Bitcoin’s year so far

Bitcoin’s journey for the year 2021

Bitcoin journey towards the investment and commercial mainstream has gathered pace this year, with major financial corporations and companies embracing the asset. Such interest helped push it to a record high just shy of $65,000 in April. Subsequently, and in typical fashion, Bitcoin displayed a major decline, as it shaved just over 50% of its value reaching as low as around $28,000 in just two months.

Now, we say we’re not surprised by these moves because such price swings have been a defining feature of Bitcoin throughout its near 13-year life. What may have come as a surprise, however, is how quickly Bitcoin turned it around, because in just four months, Bitcoin resurged to beat it’s previous all-time high by a couple of thousand dollars. The all-time-high now sits at around $67,000.

We say it’s not a surprise that Bitcoin made a new all-time-high because, well, from a technical perspective, a market that has a price structure like Bitcoin, any technical analyst should be able to take a glimpse of the chart and see its only poised for growth. The question, though, becomes, how many times is it going do it? i.e., make new highs, correct, find support, and continue higher.

On the other hand, the reason why the length of time may have come as a shock is because, typically, when Bitcoin displays an extensive corrective move, we transition into a bear market, and the previous one did not last a few of months. It lasted a couple of years. So, to see Bitcoin do this was new. Nonetheless, given the context of the aforementioned – financial corporations and companies embracing the asset – and the recent news of the bitcoin exchange-traded fund making Bitcoin available to most investors with a brokerage account, we’re in unprecedented times.

So where does Bitcoin go from here? Right now, it’s just hovering below it’s all-time-high, changing hands at around $61,500. In December 2020, when Bitcoin breached the previous all-time high created in 2017, we retraced slightly, and exploded higher shortly after. Will we do the same now? Only time will tell. Even if it does not, though, it does not mean that Bitcoin is not poised for future growth in value. It just means that we may see another extensive corrective move before we do so.

Marcus de Maria
Marcus de Maria
When you turn $850 into $90,000, you get noticed. Keep doing it and you gain respect, become celebrated, sought after for your knowledge and expertise. And so began Marcus de Maria’s journey to become founder and chairman of Europe’s premier stock market e-learning platform – Investment Mastery. From living on his brother’s floor £100,000 in debt… to securing lifelong financial independence, Marcus de Maria did it with one thing no one else had… a ground-breaking strategy that can make anyone financially free with just 20 minutes a day. Don’t believe it? Just ask any of the thousands of former students enjoying that new wealth.

Popular Posts

Stay in the know
IM Insider Newsletter

Subscribe to the IM Insider and get our proven strategies sent straight to your inbox every month.


GENERAL ADVICE WARNING AND EARNINGS DISCLAIMER: Please note trading and investing involves several risks. Investment Mastery Trading Ltd will only provide you with general advice, not personal or financial advice. That means, we will not take in to account your personal objectives, financial situations or needs, even if they are known. Accordingly, the advice may not be appropriate for you. We may provide general advice regarding trade size, the level of margin needed and risk management techniques appropriate for our trading strategies.

Please understand results presented are not typical. Past results, income and percentage claims are not indicative of future returns for you. Although our clients see above average results, the average person who follows any training on trading & investing gets little to no results.

Financial instruments can go down as well as up resulting in you receiving less than you originally invested. Do not assume any recommendations, insights, charts, theories or philosophies will ensure profitable trading & investing for you. Pictures used are for example purposes only.

Please ensure you obtain professional or financial advice to ensure that trading or investing in any financial products is suitable for your circumstances, and ensure you obtain, read and understand any applicable offer document.

All testimonials on this website are real and can be found on Trust Pilot by clicking here.