Once again, bitcoin’s annual lows recorded growth in reais in 2021. According to data compiled by PanoramaCrypto, bitcoin’s 2021 minimum value was R$145.000, recorded on June 22. It is worth noting that the value surpassed this level in the following months, and the currency reached its record in November. Even so, the minimum value exceeded by 488.35% the minimum of 2020, which was R$ 24.645. In 2019, the minimum had been R$ 12.507. This shows that the indicator is on a solid rise in the last two years.
It is worth explaining that bitcoin’s annual lows are the lowest price reached by the leading cryptocurrency each year. This indicator is considered vital as it strongly represents annual resistance. That is, a level that is hardly broken, even in moments of market crisis.
A historical view of the annual lows also reveals the vast price gains of bitcoin since the beginning of its history and a possible increase in the number of holders. In other words, people who don’t get rid of the cryptocurrency, waiting for it to be mainstream one day or have a strong appreciation.
Bitcoin annual lows in reais in other years
In 2020, bitcoin’s annual low was R$ 24.645, up 97.05% from the previous year. In 2019, the yearly low was practically the same as in 2018, with a drop of 0.33%. However, considering historical quotations in reais, the BTC has accumulated an average growth of 136.20% per year since 2013. Moreover, 2015 and 2019 were the only years when the historical low was below the previous year’s low. For example, in the two years following 2015, bitcoin’s lows rose 243.94% and 60%, respectively.
See the historical lows of bitcoin in reais, according to data from CoinGeko.
Chart with annual bitcoin lows in reais