Are We Standing At the Top of a Bitcoin Bubble?

are we standing at the top of a bitcoin bubble



Bitcoin has gained significant price appreciation last year with few shortfalls, hitting the peak of $19,343 in mid-Dec. However, bitcoin price started tumbling since then and fell to around $12,000 level at the end of the last year. It is currently trading just below $14,000. The price of bitcoin declined more than $2,000 compared to a month ago level, up more than 1,600% over the same period last year.

Source: coinmarketcap.com
Several factors added the big swings in bitcoin prices over the last two weeks. Initially, reports of strict regulations and higher …
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