Bitcoin (BTC) set a new all-time high on December 19 as the market continued to bring surprises in weekend trading. BTC Price Just Hit Historical High Data from Cointelegraph Markets and Tradingview shows that BTC / USD just surpassed record levels set this week, reaching $ 24,210 on Coinbase before reversing.
With current volatility, it is difficult to tell when the coin will stop rising. Bitcoin price has risen upto 838 million percent over the past 10 years. Bitcoin (BTC) established a new all-time increase on December 19 as the market continued to bring surprises in weekend trading.
From Cointelegraph Markets and Tradingview shows that BTC / USD just surpassed record levels set this week, reaching $ 24,210 on Coinbase before reversing. Volatility has grown larger as the previous all-time high of $ 23,777 just gave way before new resistance emerged. According to data extracted from the orderbook on the exchange, sellers are ready at $ 24,000.
Analyst Michaël van de Poppe tweeted and
Caution traders saying they still need to keep an eye on the $ 18,500 level as price behavior featuring significant volatility occurs on weekends rather than during the week. . On Saturday, analyst Van de Poppe still urged users to be cautious, arguing that critical support remains much lower on the BTC / USD chart: at $ 18,500. “Such vertical growth spikes will not be sustainable in the long run. Hence, a correction is more likely to happen at some point. However, predicting at what price and when is difficult because Bitcoin could easily rise to $ 30,000 and then see a 30% correction, ”he summarized.
