Bitcoin Breaks New Record In Weekend Rally: $ 24,000 Reached!
Coinputin.com – Bitcoin (BTC) saw an all-time high on December 19 as markets continued to create surprises in weekend trading. At the time of writing, BTC was trading at $ 24,019.
Bitcoin Price sees all-time high
The data showed BTC/USD hit $ 24,210 on Coinbse, eclipsing the record high this week. Volatility was high, falling behind the all-time high of $ 23,777, before resistance once again came into play.
Sellers are ready for $ 24,000, according to stock market order book data, and that space is now a psychological barrier under attack from Bulls.
” Buy “and” sell ” zones in bitcoin
Michaël van de Poppe, an analyst at Cointelegraph Markets, carefully watched the renewed energy in Bitcoin markets, tweeting: “Come on, Will we see an all-time high over the weekend?”
$ 18,5000 is support level to watch, says Trader
According to Cointelegraph, price movement continues the trend that has developed in recent weeks, and significant price movements occur on weekends rather than on weekdays.
Meanwhile on Saturday, Van de Poppe called for caution, arguing that significant support was far lower than the $ 18,500 on the BTC / USD chart.:
“SUCH VERTICAL RALLIES ARE NOT SUSTAINABLE FOR LONG. THEREFORE, A CORRECTION WILL OCCUR AT SOME POINT. HOWEVER, BITCOIN COULD EASILY GO UP TO $ 30,000 AND THEN SEE A 30% CORRECTION, NO ONE CAN PREDICT WHEN THAT WILL HAPPEN.”