Another record high – Bitcoin breaks 24,000 US dollars at the weekend
Bitcoin continues to soar, now breaking the 24,000 US dollar mark.
Bitcoin (BTC) hit a new record high today, 19 December. So as the weekend approaches, the market-leading cryptocurrency is on the upswing again, adding the next milestone to its current run of highs.
From record high to record high
As data from Cointelegraph Markets and Tradingview shows, Bitcoin today broke the previous new record high set just this week by jumping to US$24,210.
After breaking the previous record of 23,777 US dollars, it continued to rise a little further before ending by Bitcoin Profit at the new high and heading back down. The price data shows that the psychologically important 24,000 US dollar mark is creating a lot of selling pressure.
„Can we make another record high this weekend?“ as Cointelegraph Markets analyst Michaël van de Poppe asks questioningly. Bitcoin investors seem to be taking up the challenge as the bulls continue to push higher.
Expert warns of retracement
Today’s bounce continues the bull run of the past few weeks, with significant gains also being made on weekends, and not just during the week as is usually the case.
On Saturday, Van de Poppe warned that support would only be found at 18,500 US dollars. So any retracement would be unchecked until then.
„Such vertical upswings often do not last very long. At some point there will be a downturn again. No one can say when this downturn will come. Bitcoin could first climb to 30,000 US dollars before it then goes down again by 30 %,“ as the expert summarises the current situation.