Summary of "How Many Times Has Bitcoin Crossed $100k?"

Bitcoin Price Milestone Analysis

The video from the YouTube channel Into the Cryptoverse (recorded on November 10th) analyzes how many times Bitcoin (BTC) has crossed key price milestones based on daily closing prices. It highlights a pattern of increasing time spent around higher price levels and provides insights into Bitcoin’s price behavior over time.

Price Milestones Crossed (Daily Closes)

$1: crossed 4 times
$10: crossed 4 times
$100: crossed 7 times
$1,000: crossed 8 times
$10,000: crossed 14 times
$100,000: crossed 7 times (as of recording date)

Key Observations

Bitcoin tends to spend more time around higher price milestones before decisively moving past them.
Early in its history, Bitcoin crossed lower milestones relatively quickly; crossing higher milestones now takes longer, consistent with the concept of diminishing returns.
The speaker anticipates Bitcoin will cross the $100,000 level multiple additional times (7–8 more times) over the next 2–3 years, implying volatility and price retracements below $100K are expected and normal.
Market acceptance of higher prices takes time, reflecting gradual investor adaptation and psychological resistance/support levels.
The progression of milestones follows roughly 10x increments, with speculation that Bitcoin might eventually reach $1 million, continuing this pattern.

Methodology

The analysis is based on daily closing prices rather than intraday highs or lows to provide a more stable measure of milestone crossings.
Historical Bitcoin dominance (percentage of total crypto market cap) is referenced, noting it was below 60% at the time of recording.
The video includes a visualization of incremental price levels from $0 to $150,000 in $1,000 increments, showing fewer crossings at higher levels.

Macroeconomic and Market Context

Market cycles with rallies and bear markets cause Bitcoin to cross above and below key price points multiple times.
The concept of diminishing returns suggests that as Bitcoin matures, price appreciation becomes more gradual and less explosive.

Recommendations and Cautions

Price retracements below $100,000 should be viewed as normal and expected within Bitcoin’s cyclical behavior.
Investors should mentally prepare for volatility and multiple crossings of key price levels rather than expecting a smooth upward trajectory.

Assets and Instruments Mentioned

Bitcoin (BTC)
Bitcoin dominance (crypto market share)

Disclaimers

No explicit financial advice is given; the content is educational and speculative in nature.

Presenter / Source

The video is from the YouTube channel Into the Cryptoverse, recorded on November 10th. The host references previous videos from 2019 and 2020 covering similar milestone analyses at lower price points.