Bitcoin's Price Continues to Hover Just Dollars Below its 2016 High

Bitcoin prices came within a few dollars of setting a new 2016 annual high on 12th December.

AccessTimeIconDec 12, 2016 at 9:10 p.m. UTC
Updated Sep 14, 2021 at 1:58 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

After a month of toggling, the price of bitcoin remains just out of reach of its annual high.

Since November, the digital currency has repeatedly neared $781.31, the high it set in June, and as we head into the year's final weeks, this game of cat-and-mouse shows no signs of stopping.

Bitcoin prices continually surpassed $779 today, rising to as much as $779.35 at the time of report, data from CoinDesk’s USD Bitcoin Price Index (BPI) reveals. This mirrored bitcoin's monthly movements, which have seen the price rising to $778.14 on 2nd December and falling back to as little as $757.83.

Yet, bitcoin's consistent inability to surpass its annual high of $781.31 could mean this particular level is providing resistance. Should bitcoin surpass this price, it could become a support level, helping provide tailwinds for the digital currency’s price.

Still, bitcoin prices have enjoyed a steady, upward movement over the last week, surpassing both $760 and $770, meaning it could well set a new annual high before the year is over.

Out of reach image via Shutterstock


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about