Bitcoin price is approaching $ 30,000 with new all-time highs

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Bitcoin (BTC) returned to records on December 30th after a fresh bounce broke the all-time high of $ 28,400.

BTC price nails fresh all time high

Data from Cointelegraph Markets and TradingView showed that BTC / USD hit its existing historical spike during Wednesday’s trading.

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In a strong overnight resurgence, Bitcoin confirmed it had no time for bears after briefly falling to $ 25,830 in the past 24 hours.

Daily gains were 7.5% at press time when $ 28,560 became a reality.

BTC / USD 1 hour candle chart (Bitstamp). Source: TradingView

The move brings Bitcoin closer and closer to sealing $ 30,000 as a new psychological level before the end of the year, which seemed next to impossible just a week ago.

However, as Cointelegraph reported, analysts still believe that a reversal could reduce the largest cryptocurrency to the existing support of $ 19,500.

On Tuesday, Cointelegraph Markets analyst Michaël van de Poppe highlighted $ 27,500 as a critical area to pave the way for new highs.

The ether price leads to altcoin gains

The effects on the altcoins with large market caps were clearly felt. Ether (ETH) approached $ 740 after rising 5.5% that day.

Polkadot (DOT) increased the existing strength to achieve a weekly performance approach of 50%.