Bitcoin Price Since 2016: 7-Year BTC Prices

What price movement has Bitcoin (BTC) followed since 2016? What were the lowest, highest, average Bitcoin prices over the years?

Historical data is often used when investing in Bitcoin (BTC). From time to time, investors use this data to determine which direction the leading cryptocurrency is heading in general in which month, and from time to time they use the data to see the cycles.

Bitcoin Data for 2016, 2017 and 2018

According to the data obtained, the average Bitcoin price in 2016 was $ 567. While Bitcoin saw the highest levels of $ 967 in 2016, it saw the lowest levels of $ 368. In addition, Bitcoin started 2016 at $432 and closed the year at $959. In 2016, upward moves started in June and the highest levels were recorded in December.

When we come to 2017, we encounter a bull market. In 2017, the leading cryptocurrency peaked at $19,498 and broke a record. It can be stated that the average year price of Bitcoin, which saw the lowest $785 in 2017, is $4,000. In addition, Bitcoin, which started 2017 at $ 997, closed the year with $ 14,165. Therefore, it can be stated that Bitcoin has increased more than 20 times in 2017.

2018, on the other hand, was a year of declines. The average price of Bitcoin in 2018 was $7,558. Bitcoin hit a low of $3,225 and a high of $17,319 in 2018. In addition, Bitcoin, which started 2018 at $ 13,812, closed the year with $ 3,791.

2019, 2020, 2021 and 2022 Bitcoin Data

When we come to 2019, it is seen that there is a more stable picture than 2017 and 2018. Starting 2019 at $3,752, BTC closed the year with $6,789. Bitcoin, which was traded at an average of $ 7,366 in 2019, saw the lowest level with $ 3,403 and the highest level with $ 12.68.

The year 2020 was the year Bitcoin experienced its last block halving. Seeing the lowest level during the year with $ 4,830 and the highest level during the year with $ 28,856, the average price of Bitcoin for 2020 is $ 11,211. Besides, the cryptocurrency opened the year with $8,900 and closed with $28,856. Therefore, Bitcoin set another record in 2020.

n 2021, we witnessed even greater rises. The average BTC price in 2021 was $47,385. Bitcoin, which saw the lowest $ 28,982 during the year, set a new record again during the year and rose to the limit of $ 69,000. According to the data, the leading cryptocurrency opened 2021 with $ 28,982 and closed with $ 47,132.

After these rises, we can say that 2022 has gone through a downtrend, although the year has not yet ended. So far, it has fallen to the level of 17,000 dollars in 2022. The unfavorable global conditions brought the BTC price down considerably. According to analysts, a rise may begin in October.

Source: Ilayda Peker - coin-turk.com