Bitcoin (BTC) hit an all-time high of 28,400 on December 27 before breaking into thousands of dollars – the latest chapter in a huge chunk of its Christmas trading.
BTC prices drop $ 1,900 per minute
Sectelgraph Markets, Coin 360 and Trading View data showed gains in BTC / USD and then lost large amounts in dollar terms during trading on Sunday.
After 15% peaked at 24-hour gains, Bitcoin came under heavy pressure to sell above 28,000. Unable to sustain its extremely fast upward momentum, the largest cryptocurrency then hit a low of $ 26,500.
At the time of the press, the volatility ensured that BTC / USD fluctuated around $ 27,000 and no pay market was in control.
Analyst: “Bull run of bull run has started”
Bitcoin set several records with its latest move, including passing the 500 500 billion market cap for the first time, as reported by Syntelgraph earlier in the day.
Also, one should look at the biggest gaps made in the Bitcoin futures markets on Monday.
This is the largest CME gap in history pic.twitter.com/IWBsyQsXab
– Sailor Moon Fan Club (cryptosquiz) December 27, 2020
After reaching the resistance level of 24,000, Bitcoin has only traded with a level of restless selling which has created literature for what seems to be an increasingly parabolic market.
After institutional investors took a break, the talk turned to retail buyers fueling the latest phase of the Bitcoin bull run.
“The bull cycle’s bullish cycle has begun, as more and more players begin to embrace bitcoin and cryptocurrencies,” summarized Michael Van de Pope, a analyst at the Sectograph market. Twitter followers.
Probably next month, Van de Pope will keep an eye on ડો 19,500 as a possible retreat zone to benefit from the Bitcoin example.
Meanwhile, Benson’s order book data shows that a sell-off of 30 30,000 will probably be the next big hurdle for BTC bulls.
