Will Bitcoin crack the US $ 30.000 barrier by New Year's Eve? Bitcoin price forecast from Bitcoin-News.one
- Daily all-time highs are now attracting more and more large investors
- Now we're heading for $ 30.000 - and beyond?
It was a special Christmas for Bitcoin investors: Bitcoin has been rising again since December 24th - and was able to climb to over 27 US dollars by December 27.700th. So the bull run continues. So far there is no trace of the "bears" in sight. That means it will probably go up in the next few days.
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Resistance breached at $ 24.000
But was the enormous price increase accelerated by institutions such as large investors or are there other reasons? Adam Back, CEO of Blockstream, is convinced that it was the small investors who sparked what is probably the biggest bull run in history.
The support line has been at $ 22.200 for the past few days. Resistance as of December 20 was $ 24.000. As can be seen from the graphic, it took four attempts from December 20; after the resistance was broken, it went towards $ 24 in 28.000 hours.
Bitcoin is on the rise. 90 days ago, Bitcoin was around $ 10.000 - that's an increase of $ 17.700 in three months.