Weekly Viz 2022-06-20
Bitcoin Price 2016-2022
Despite officially entering a bear market last week, BTC price also dropped under $20k, from its highest prices of $67k. This week, let’s look at the daily BTC price and fluctuation since 2016.
My Visualization
This visualization has two parts – the upper chart is a daily closing price trend, and the lower one shows the daily movement (close - open price).
Please notice that all the visualizations are designed for desktop view, so it is recommended to view them on a desktop device.
Insights
- We saw a small spike of BTC price back in end of 2017, but most of the movement happened since the end of 2020, jumping from 18k to 63k in just four months;
- However, this does not main it is easy to 3x/4x your money with BTC – the price movement of BTC is insane as even when BTC price was climbing up in 2021, there were several times price dropped over $1000 in one day, which could cause panic;
- BTC price reached the last peak of $67k in Nov 2021, but with the market going down, inflation going up, and incidents like LUNA coin crushed, it is now down to $20k.
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