The leading cryptocurrency moved beyond the previously unattainable mark of $24,500, setting a new price record.
The chart below shows that this is already the fourth all-time high for Bitcoin in December.
Intraday BTC/USD chart from TradingView.
User yTedd thanked Santa for the breakout above the upper boundary of the technical-analysis figure ‘Triangle’.
Thank you Santa for this breakout 🎅🏻$BTC pic.twitter.com/7cvAhBQ70u
— yTedd (@TeddyCleps) December 25, 2020
The new milestone for digital gold has notably revived the altcoins. Below is the top ten by market capitalization.
Data: cryptocurrency rates from ForkLog.
Notably, XRP rebounded 36% after the news of the the SEC against Ripple lawsuit. Also among the top altcoins are Litecoin, Cardano and Chainlink.
Earlier, RoboForex’s leading analyst Dmitry Gurkovsky expressed the view that it will be difficult to halt Bitcoin buyers.
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