Bitcoin - The Second Bull Market

After Bitcoin experienced its first major boom and bust cycle starting in 2010, the second one would begin not long after.

The next one started in October 2011 and lasted until about April of 2013.

Prices bottom around that $2 level and gradually moved back up towards $10.

By February of 2013 prices were around $13 and then hit $260 by April 2013 during the euphoric stage of the bitcoin bull cycle.

Like in the previous cycle, prices quickly crashed once the euphoria wore off.

Prices were back under $50 in less than a week, an 80% crash.

Similar to the first cycle, we had a prolonged period of slightly increasing prices, then a short, 2 month period where prices exploded and most of the gains were made.