Bitcoin has marked another serious push and managed to break the coveted psychological level at $30,000.
Two days after the start of the new year, Bitcoin has taken for the skies, yet again. The cryptocurrency poked above a major level at $30,000.
The price for Bitcoin marked another leg up, two days into the new year. Moments ago, it touched a high of $30,665 on the popular EU-based cryptocurrency exchange Bitstamp.
The cryptocurrency now trades around $30,460 for a daily increase of about 3%.
BTC/USD. Source: TradingView
In the past seven days alone, bitcoin’s price has increased by more than 20%.
Interestingly enough, this is also the 6th consecutive daily candle that BTC is trading in the green.
The cryptocurrency is currently in price discovery territory making it hard, or even impossible, to pinpoint subsequent targets.
It’s also worth noting that severe volatility is likely to be expected in the following few hours so traders ought to be careful when timing the market.
A the time of this writing, all BTC holdings are currently in profit, highlighting the notion that HODLing BTC is a more careful and profitable approach than trying to time the market.
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
