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Learning & News => News related to Crypto => Topic started by: newshunter on January 02, 2021, 01:01:21 AM

Title: High volume surge propels Bitcoin price to a new all-time high at $29,000
Post by: newshunter on January 02, 2021, 01:01:21 AM

High volume surge propels Bitcoin price to a new all-time high at $29,000

Bitcoin bulls obliterated the $28,500 resistance with a high-volume surge, but the $30,000 level could still pose a challenge.

Source: High volume surge propels Bitcoin price to a new all-time high at $29,000 (https://cointelegraph.com/news/high-volume-surge-propels-bitcoin-price-to-a-new-all-time-high-at-29-000)

Would appreciate your opinion about this

Title: Re: High volume surge propels Bitcoin price to a new all-time high at $29,000
Post by: TomPluz on January 02, 2021, 02:37:07 AM

I am really so surprised with this continuing Bitcoin bull run. I am sure that a big part of the Bitcoin enthusiasts and holders are right now thinking and speculating when will this upward movement to go down. Of course, we know that nothing keeps on growing that fast forever. I should have bought Bitcoin when it was just $18K -- at that time I was thinking that it can go down back to $15K before making a great run but boy I was so wrong! Right now, I am really waiting for it to make some retracement but for the time being I will just sit down and just watch...with some sad look on my eyes.

Title: Re: High volume surge propels Bitcoin price to a new all-time high at $29,000
Post by: Gravatai on January 02, 2021, 09:57:39 AM

Few expected such a high price for Bitcoin. I think that its price can overcome $30 thousand and rise to $32-$33 thousand, but then a gradual decline in price may begin as a result of the dominance of the bearish trend in the cryptocurrency market.