Bitcoin’s Epic Comeback: From the Abyss to New Heights (2022–2024)
After the brutal 2022 crash, Bitcoin was left battered, trading near $16K. Sentiment was at rock bottom—fear, uncertainty, and doubt ruled the market. But as 2023 unfolded, a silent accumulation phase began. Institutions and whales loaded up while retail investors remained hesitant.
Then came the first sparks: inflation cooled, macro conditions improved, and whispers of a Bitcoin ETF surfaced. The market woke up. Bitcoin broke $30K, then $40K, as momentum grew. The long-awaited ETF approval in early 2024 sent shockwaves—institutions poured in, and Bitcoin exploded past $50K, then $60K.
By mid-2024, the halving event tightened supply, fueling another leg up. Bitcoin shattered expectations, briefly touching $75K. Corrections came, but the uptrend held strong. As December 2024 approached, the market braced for the next chapter. With wave C on the horizon, the question wasn’t if Bitcoin would break new all-time highs, but when.
After the brutal 2022 crash, Bitcoin was left battered, trading near $16K. Sentiment was at rock bottom—fear, uncertainty, and doubt ruled the market. But as 2023 unfolded, a silent accumulation phase began. Institutions and whales loaded up while retail investors remained hesitant.
Then came the first sparks: inflation cooled, macro conditions improved, and whispers of a Bitcoin ETF surfaced. The market woke up. Bitcoin broke $30K, then $40K, as momentum grew. The long-awaited ETF approval in early 2024 sent shockwaves—institutions poured in, and Bitcoin exploded past $50K, then $60K.
By mid-2024, the halving event tightened supply, fueling another leg up. Bitcoin shattered expectations, briefly touching $75K. Corrections came, but the uptrend held strong. As December 2024 approached, the market braced for the next chapter. With wave C on the horizon, the question wasn’t if Bitcoin would break new all-time highs, but when.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.