On Thursday, December 17, the price of Bitcoin hit a new record, rising above the $23,700 level (Bitstamp).
During the session, the cryptocurrency hit the notable levels $20,000, $21,000 and $22,000.
According to Skew, amid the rally the daily trading volume of Bitcoin options for the first time surpassed $1 billion.
#bitcoin options first $1bln day pic.twitter.com/UFJkatPVXk
— skew (@skewdotcom) December 17, 2020
In the ensuing correction, amid the sharp rise in volumes, Bitcoin’s price fell below $22,300.
Data: TradingView.
Popular analyst Hasu says that “in many respects we are in uncharted waters after the previous maximum.” Global investment firms, such as Guggenheim, do not go on TV with a target price of $400 000, to sell Bitcoin at $22,000, he noted.
In many ways, we‘re in uncharted waters past the previous ATH. The Guggenheims of the world don‘t go on TV with a 400k price target to sell at 22k. From now on, you‘re getting paid to sit on your hands. Go pick up a new videogame or TV epic. https://t.co/5tpDGOj2Ka
— Hasu (@hasufl) December 17, 2020
“From now on, you’re paid to sit on your hands. Go pick up a new video game or TV show,” Hasu advised investors.
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