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As you know already the 2020 and 2021 are breakout years for Bitcoin. In 2020 there was wave of interest from institutions and mainstream investors which pushed the digital currency price from $7100 to $28900 on 31 of December with up to $39000 in early days of January 2021. The innovative cryptocurrency, which is maintained by a decentralized swarm of crypto miners, has a long volatility history. Most financial experts expect some big retrenchment of that rally in some point.

Touching a maximum of $ 13,764 on June 26, Bitcoin switched to range trading inside the top-down wedge. Initially, the movements of the token were volatile, but recently, the amplitude of the oscillations has significantly narrowed. Over the past 22 days, BTC has not gone beyond the 10% channel of $ 7800- $ 8700.

Since the end of December, and even a little prior to that, Bitcoin has been on a tear away as its price ticked off major milestones along the way. Crossing the $20,000 barrier seemed to unleash the coin’s potential as it rose in price to all time highs of $42,000.