This report and and analysis of the Bitcoin over the period of 2017 shows how the price increases exponentially.

The beginning of the year
We start the chart analysis in January of 2017 with a small increase to 1100 USD. This increase is followed by a small price decline to USD 783, which did not go too long and rose to USD 1250. Then followed the second descent to $ 930. With the 3rd run, the bitcoin rises, but accelerates with small interruptions up to the top price of 2900 $ enormously. To this unachievable climax follows a downward movement, which first goes horizontally until the end of July then very low to about 1940 $.

Downward movements in the course
These downward movements after long upwards are regarded as a kind of recovery and have a healthy effect on the course of Bitcoin and in August the bitcoin is on its way up again. With a small break, Bitcoin reached a new all-time high of nearly $ 5,000 by the end of September. In October, a small downward trend to the mid-month begins and the price drops to $ 3200. The course is influenced by news and rumors and reacts very sensitively, which is immediately visible in the charts. In September, there were many messages that influenced the Bitcoin course. In addition to the regulations in China, some banks also gave negative comments. This did not stop Bitcoin's upward trend, and the leading crypt diet has already risen above the $ 5,000 mark up to the current level of $ 5800.

How the course increases
This was a general description of the year, and now we want to go into detail. The development of Bitcoin from the beginning of the year is in its extension and only indicative. The value of the rise begins in May over July and shows the rocket-like developments. The popularity of Bitcoin is increasing day by day and more and more people are starting to get interested. Many new market participants bring new capital into the crypto market and Bitcoin is mainly profits from these new investments.

Recovery is important
A small descent can be very soothing after such an enormous climb and after a small recovery Bitcoin can make his way up again. These advancing pauses have a stabilizing effect on a healthy value development. They serve as a kind of correction for the market when it is oversold.

As there was an enormous increase in the course at the beginning of October, it is expected that a small break will have to follow. This can lower the course to a certain extent or drive it horizontally for a while.

But Bitcoin has given us a very exciting race this year and shows its potential as the first cryptocurrency and market leader with its dominance of 95 billion us dollars market share.

So it remains exciting how the whole thing is going to develop in the next two months, and I strongly expect the upward trend to continue and perhaps we will reach the $ 8000 or perhaps $ 10,000 until the end of the year.

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