Bitcoin (BTC) set a new high on December 19 as markets continued to deliver surprises in weekend trading.
The price of BTC was just hitting another high
Data from Cointelegraph Markets and Tradingview showed that BTC / USD was just climbing its highest level set this week, reaching $ 24,210 on Coinbase before returning.
The volatility was high as the previous high of $ 23,777 was just released before the resistance started again. According to exchange order book data, sellers are ready at $ 24,000, with that area now a psychological barrier currently under attack by bulls.
“Let’s go, another peak during weekend hours?” Cointelegraph Market Analyst Michaël van de Poppe tweet, closely monitoring the renewable energy in Bitcoin markets.
A trader warning $ 18.5K is still support to watch
The trend follows a trend that has developed over the past few weeks, with significant price action occurring at the weekend rather than just during the week.
On Saturday, at the same time Van de Poppe issued a warning, arguing that critical support still lay much lower on the BTC / USD card at $ 18,500.
“Such rallies are just not stable for a long time. So, a correction will happen at some point. However, there is a prediction of when it will happen to anyone because Bitcoin may be run to $ 30,000 and then see a 30% correction, “he said.