Bitcoin has managed to blast through $35,000 and chart a fresh all-time high for 2021.
Following a solid buildup yesterday, Bitcoin’s price managed to break through another important level. It surged above $35,000 and marked a brand new all-time high in the new 2021.
Bitcoin’s price marked a brand new all-time high around $35,879 on Bitstamp.
This followed a tumultuous day of trading where the range was trapped between a low of $33,348 and the aforementioned high for a total difference of more than $5,000.
At the time of this writing, the cryptocurrency is trading at around $35,400, for a daily increase of around 13.8%.
BTC/USD. Source: TradingView
Looking ahead, the very first level of resistance above the current price tag lies at $35,500 which is followed by the short-term 1.272 Fib Extension at $36,235. Above that, we can probably expect some more selling pressure at around $37,150.
On the other hand, if the price breaks towards the downside, the first level of support to be considered lies at $33,000. After that, we have $32,100, $31,345, and $30K.
It’s interesting to see how the price develops in the near future. The last few days have been particularly volatile and the aforementioned daily trading range confirms it.
It’s important to remain vigilant and to exercise extreme caution, especially if day trading.
Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn
