Another serious drive was marked by Bitcoin and it managed to crack the coveted psychological standard at $30,000.
Two days after the start of the new year, Bitcoin, once again, took to the sky. At $30,000, the cryptocurrency poked above a big stage.
Another leg up marked the price of Bitcoin, two days into the new year. It hit a high of $30,665 on the famous EU-based Bitstamp cryptocurrency exchange moments ago.
With a daily rise of about 3 percent, the cryptocurrency now trades about $30,460 .
The price of Bitcoin has risen by more than 20 percent in the past seven days alone.
Interestingly enough, this is also the 6th daily consecutive candle exchanged in the green by BTC.
The cryptocurrency is presently in the territory of price discovery, rendering it challenging to establish subsequent priorities, or even impossible.
It is also worth noting that in the next few hours, extreme volatility is likely to be predicted, so traders should be cautious when timing the market.
All BTC holdings are actually in benefit at the time of this writing, highlighting the notion that HODLing BTC is a more conservative and efficient strategy than trying to time the market.
Wow. Lucky for those who have bitcoin on their hand.