A Look At Bitcoin (BTC) Price Closing History By Level
Bitcoin (BTC), the first-ever decentralized digital currency of the world and the largest cryptocurrency in terms of market capitalization, has only spent a brief period of time above its bullish price levels during its entire history. Its price neared $20,000 only for once in December 2017 when it recorded its all-time high value. It closed above its all-time high value only for one day, the historical data shows.
Bitcoin has surged above the key price level of $16,000 on the 13th of November. However, according to the historical data shared by a Twitter user named Soona, Bitcoin has only spent fourteen days above this price figure in its total history. This represents 0.32 percent of its entire life. While on the other hand, the price value of Bitcoin closed above the $15,000 level only for nineteen days (0.44 percent of Bitcoin’s life) during the complete history of the coin.
The number of days of Bitcoin above the $17k and $18k price levels is even lower as BTC price could stand only for six (0.44 percent of BTC life) and three days (0.07% of BTC life) respectively above these levels during its entire existence. While on the other hand, if we talk about the price close of Bitcoin above its all-time highest value there is only one close above this figure. It makes up only 0.02 percent of Bitcoin’s life.
As per the historical data, the price value of Bitcoin has spent the more number of days above $10,000 which is known as its psychological price level. Bitcoin stayed above this figure for 271 days. This represents 6.26 percent of Bitcoin’s total life as the following-given chart shows:
Source: Twitter
Interestingly, Bitcoin’s price has surpassed above the $13,000 price level only three times since its year of existence in 2009.
On the other hand, Bitcoin holders have been withdrawing their BTC from cryptocurrency exchanges throughout this year. A record negative inflow has been noted on the part of crypto exchanges this year as around 500,000 BTC has left exchanges so far this year. Alone in the month of November, Bitcoin holders have withdrawn $1.3 billion worth of Bitcoin from digital currency exchanges within the duration of just thirteen days following the price surge of Bitcoin above the $15k level.
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