After collapsing in the first decade of November, Bitcoin’s price is now back around the $17,000 mark.
Truth be told, this threshold had already been crossed twice since the yearly low peak on 10 November, but both between 10 and 11 November and between 14 and 15 in the following days it had returned below this figure.
The current level is still below the previous annual minimum peak of $17,500 touched in June, which suggests that the current phase of difficulty cannot yet be said to be over.
Bitcoin price: the trend of 2022
Although Bitcoin’s price had already started to fall since late December 2021, until early May it had remained substantially above $35,000, which is 49% lower than the $69,000 all-time high of November 2021.
However, with the implosion of the Terra/Luna ecosystem, the price collapsed below $30,000, then fell again in June to below $20,000 due to the failure of Celsius, Voyager and 3AC.
It had since lateralized around $20,000 until early November, whe
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