Bitcoin did not experience a single rise; rather, several upward waves (Bull Runs) followed, separated by downturns (Bear Markets).
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The first upward wave (2013)
· Beginning of the accelerated rise: The first major upward wave began in October 2013. The price of Bitcoin was trading around $145, but it surged strongly over two months.
· Peak of the rise and end of the wave: It peaked on December 3, 2013, recording its first historical high at around $1,200.
· Beginning of the decline: Immediately after this date, a sharp decline began, reaching a bottom of around $171 in January 2015, a decrease of 85% from its peak.
The second rising wave (2017)
· Beginning of the accelerated rise: This wave began in late 2016 and gained significant momentum during 2017.
· Peak of the rise and end of the wave: It reached its peak in December 2017, recording a new all-time high close to $20,000.
· Beginning of the decline: After this peak, the trajectory reversed and the decline began, reaching a bottom of around $3,200 in December 2018, a decrease of 84%.
The third rising wave (2021)
· Beginning of the accelerated rise: This wave began in 2021, peaking in November of the same year.
· Peak of the rise and end of the wave: It peaked in November 2021, recording a new all-time high of around $69,000.
· Beginning of the decline: After this peak, the decline started again, reaching a bottom of around $15,600 in November 2022, a decrease of 77% from the peak.
The fourth rising wave (2023 - 2025) - until the end of the available information
· Beginning of the accelerated rise: Many consider that this wave started in 2023, with Bitcoin recovering from the bottom of 2022. The rise accelerated in January 2024.
· Path of the rise: Bitcoin recorded a new all-time high surpassing $73,000 in March 2024. It continued to rise to achieve another historical milestone by surpassing the $100,000 mark on December 5, 2024. The momentum continued to reach new levels, recording $126,000 in October 2025.
This information is for learning purposes and is not financial advice. The market is volatile, and the past does not guarantee the future.
The cover image is imagined with the help of AI Grok.