There\u2019s no question that the past several months have been a wild ride for Bitcoin and the aggregated crypto markets, with BTC surging from 2019 lows of roughly $3,400 to highs of $13,800, which has proven to be a strong level of resistance in the time since.<\/p>\n
This meteoric rise, and subsequent drop, has marked one of the most volatile periods in Bitcoin\u2019s history, just slightly lower to that seen in late-2017 during the massive bull run.<\/p>\n
At the time of writing, Bitcoin<\/a> is trading up nearly 8% at its current price<\/a> of $10,550, which is up significantly from its daily lows of $9,300 that were set earlier today.<\/p>\n This massive upwards movement came about after an extended period of downwards pressure on BTC, which has sent it reeling lower over the past several weeks from $13,800 \u2013 which remains a local top for the cryptocurrency.<\/p>\n Importantly, although the recent pullback has certainly spelled trouble for Bitcoin\u2019s bulls, it is important to note that the cryptocurrency is still in a firm uptrend, as it is currently trading up a whopping 215% from its 2019 lows.<\/p>\n This level volatility has been largely unrivaled in the cryptocurrency\u2019s history and has only been seen once in the latter part of 2018, and once during the massive bull run witnessed in late-2017.<\/p>\n \u201cBitcoin volatility is back to levels not seen since the end of the great 2017 bull market,\u201d Skew Markets explained in a recent tweet.<\/p><\/blockquote>\n Bitcoin volatility is back to levels not seen since the end of the great 2017 bull market pic.twitter.com\/2CfKOOjPOo<\/a><\/p>\n — skew (@skewdotcom) July 18, 2019<\/a><\/p><\/blockquote>\n\n