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.”
Unsure of What Cryptocurrencies to Buy and Sell, and When to Buy and Sell Them? Ask A.I.
Tickeron has developed Artificial Intelligence capable of spotting patterns and trends in the cryptocurrency markets, and the A.I. can deliver trade ideas straight to your inbox. When the AI confirms a bullish or bearish pattern, it will alert users to the pattern and provide a target price for where it thinks the cryptocurrency is headed. Users can use the AI to track just about any cryptocurrency of your choice.
You can learn more and even start a 45-day free trial today. Get started on tickeron.com.
Financial analyst and market blogger with expertise in equity research, fundamental analysis, and macroeconomic trends. I regularly publish coverage on individual stocks, ETFs, and sector developments — combining rigorous financial analysis with clear, engaging writing for a broad investment audience.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where BTC.X declined for three days, in 134 of 447 cases, the price declined further within the following month. The odds of a continued downward trend are 30%.
The 10-day RSI Indicator for BTC.X moved out of overbought territory on September 04, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 43 similar instances where the indicator moved out of overbought territory. In 12 of the 43 cases, the stock moved lower in the following days. This puts the odds of a move lower at 28%.
The Momentum Indicator moved below the 0 level on September 10, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on BTC.X as a result. In 38 of 143 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 27%.
The Moving Average Convergence Divergence Histogram (MACD) for BTC.X turned negative on September 04, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 66 similar instances when the indicator turned negative. In 16 of the 66 cases the stock turned lower in the days that followed. This puts the odds of success at 24%.
BTC.X broke above its upper Bollinger Band on September 03, 2026. 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 Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
BTC.X moved above its 50-day moving average on August 17, 2026 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 August 19, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 5 of 22 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 23%.
The 50-day moving average for BTC.X moved above the 200-day moving average on September 08, 2026. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +0.92% 3-day Advance, the price is estimated to grow further. Considering data from situations where BTC.X advanced for three days, in 128 of 424 cases, the price rose further within the following month. The odds of a continued upward trend are 30%.
The Aroon Indicator entered an Uptrend today. In 143 of 397 cases where BTC.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 36%.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows