Bitcoin’s ups and downs over the past two years have been well-chronicled. 2017’s meteoric rise peaked in January 2018, followed by precipitous drops, slight recoveries, and everything in between. But focusing on bitcoin’s price volatility – value has decreased by 80-plus percent since that peak – misses the point, says seasoned crypto software engineer Jameson Lopp. In fact, Lopp argues that bitcoin has never been stronger than it was in 2018 – if you look at metrics independent from economics.
Lopp, who is CTO at crypto security firm Casa, described bitcoin in a Medium post as being “at the forefront of an increasingly complex ecosystem that continues to grow in a variety of ways. And for the tenth straight year, it stubbornly refused to die.” That growth took many forms. Google Trends indicate that search results have increased in developing countries; the bitcoin subreddit experienced 61 percent growth in 2018. Academic interest was at an all-time high, “which is great for the long-term prospects of this industry as we continue to gain a greater understanding of what we’re building,” says Lopp.
Venture capital and ICO-based funding for the blockchain industry reached new heights last year, at $3.1 billion and $16.7 million, respectively. 90 percent of blockchain-related companies may have failed, says Lopp, but investment figures indicate belief in blockchain’s potential – and trust in the companies unlocking it. Lopp points out that market volatility means people typically flee “more speculative crypto assets to the relative ‘safe haven’ of BTC,” indicating a trust in bitcoin as a digital store of value while “[resulting] in the relative share of the market value going up.” Blockchain security has improved, creating “more accurate statistics of on-chain activity.” Data anchoring and software upgrades have increased, as well as code commits, indicating a vibrant, worldwide network of developers interested in contributing to blockchain’s ongoing evolution.
Significant infrastructural improvements aside, the economic side of bitcoin was undeniably disappointing. But there were some notable exceptions. Trading volume declined overall in a bear market, but Localbitcoins data indicates that Colombia, India, Peru, and Venezuela actually increased their respective trading volumes. Offline peer-to-peer markets also showed positive signs of development – Lopp tweeted that the number of bitcoin ATMs doubled to 4,000 units, “continuing a [three] year trend of 100 percent year over year growth.”
Bitcoin’s exchange rate took a tumble in 2018. But to Lopp, “exchange rate is just one of many metrics we can use to observe the evolution of this ecosystem.” The sexiness of January’s peak has worn off for everyone, but a growing system with better infrastructure means death announcements are premature. “We have no control over the market,” says Lopp. “But I expect that it will catch up to us sooner or later.”
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BTC.X's Aroon Indicator triggered a bullish signal on July 13, 2025. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 467 similar instances where the Aroon Indicator showed a similar pattern. In of the 467 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
The Momentum Indicator moved above the 0 level on June 24, 2025. You may want to consider a long position or call options on BTC.X as a result. In of 139 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for BTC.X just turned positive on June 26, 2025. Looking at past instances where BTC.X's MACD turned positive, the stock continued to rise in of 63 cases over the following month. The odds of a continued upward trend are .
BTC.X moved above its 50-day moving average on July 02, 2025 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for BTC.X crossed bullishly above the 50-day moving average on July 01, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BTC.X advanced for three days, in of 444 cases, the price rose further within the following month. The odds of a continued upward trend are .
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BTC.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BTC.X broke above its upper Bollinger Band on July 09, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows