High volume surge propels Bitcoin price to a new all-time high at $29,000

Cointelegraph

Published Dec 30, 2020 04:55PM ET

Updated Dec 31, 2020 07:00PM ET

Within the last hour, the Bitcoin (BTC) price rallied to set a new all-time high at $29,000.

On Dec. 29, the Bitcoin price attempted to push through a stiff resistance cluster at $28,500, but after rallying to $28,600, the price rejected with a sharp correction to $27,300.

Daily cryptocurrency market performance. Source: Coin360
BTC/USD sell walls near $30,000. Source: Material Indicators
BTC/USD monthly chart. Source: Twitter

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