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This is a good topic for people who are tempted to sell. The first thing they see when coming here is this image and they think: "wow Bitcoin price has doubled since August this year"
And hopefully that takes their hodling fears away.
Yes, bitcoin has recorded an increase of 100% compared to its price in August. Exactly on August 5, bitcoin made a big correction and recorded its lowest price at $49k, but since then the price has improved and continued to rise until hitting $104k as its new ATH in December. It only took 4 months to get 100% returns from bitcoin during the bullish period, it was truly an extraordinary experience.
But I am sure about one thing. Many investors have set $100k as the exit point of their investments so far and they start selling them and saving the returns. The impact of course is that prices change downwards, but are easily recovered in bullish times. It's a little annoying to have the price of bitcoin drop more than $10k in one day, but it has become a common occurrence in this highly fluctuating market.