‘Blow-off top’ or $30,000? Traders muse Bitcoin’s end-of-year fate

After a historic day in which the headlines could hardly keep up with price action and set a new all-time high above $26,500, traders and analysts are now turning their attention towards what could be in store for the digital currency over the next five days as 2020 comes to a close.

Historic candle

While a 8-9% daily gain might be pittance compared to Bitcoin’s historical volatility — there was a 42% rally as recently as 2019 — as Messari founder Ryan Selkis pointed out, today’s rally featured only the second $2,300 candle in the digital currency’s history:

Clamoring for $30,000

Blow off top?

Continue Reading on Coin Telegraph

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