There are a few rocky months left in the year for Bitcoin, but experts are starting to predict that the digital currency could still rally another 40 percent to end on $6,000 for the year.
Many have had stabs at predicting the Bitcoin price at the end of this year of rapid rise, from stock picker Ronnie Moas who said he sees Bitcoin reaching $5,000 by the end of the year - although it already crossed that boundary recently.
Busy third quarter
Bitcoin was up over 74 percent in September, but the shifting landscape of governmental regulation and technology decisions has seen it bounce up and down recently.
The much anticipated and feared Aug. 1 fork, which went ahead, showed the differing sides of Bitcoin's volatility as the fear of the fork caused a minor collapse, before a rapid growth.
Japan's power move
While the news of China's crackdown was seen as negative, and the markets reacted as such, the recovery has seen a shifting in power. Japan has now emerged to take China's mantle as one of the leading cryptocurrency nations.
Japan has been more open to cryptocurrencies. Regulators there legalized Bitcoin and major retailers have begun accepting it as payments. Japan's Financial Services Agency (FSA) also officially recognized 11 companies as registered cryptocurrency exchange operators.