Bitcoin price is on track to having its second-best quarter since 2014 with a 92 percent gain within two months if it remains above $8,000 by the end of June. Since April 1, in about a month and a half, the bitcoin price has increased from $4,100 to $8,000, by nearly two-fold against the U.S. dollar.
At its lowest point in December 2018, the bitcoin price was down about 85 percent from its all-time high at $20,000. As of May 20, bitcoin is down less than 60 percent from its record high following a powerful recovery in the second quarter of 2019.
The price trend of bitcoin so far into 2019 closely resembles that of its movement in 2017, a year in which it demonstrated arguably its strongest bull market as it surpassed $20,000 in key markets such as South Korea.