Bitcoin's new all-time high close to $30,000: could tip over by 2021

Bitcoin is reaching for the stars to end 2020 with BTC hitting a new all-time high of just over $29,000 -- will it hit $30K?

@anthony256
Published Wed, Dec 30 2020 9:25 PM CST   |   Updated Tue, Jan 26 2021 8:21 PM CST

Bitcoin has been rallying right up to $29,000 in the last 24 hours hitting a new all-time high but not quite breaching the $30,000 barrier -- but there's still around 24 hours left of 2020.

Bitcoin's new all-time high close to ,000: could tip over by 2021 01 | TweakTown.com
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BTC had a high volume push right through the $28,500 resistance level, and now the new sights are on the juicy $30,000 target. Material Indicators have data that shows there are large sell walls at the $30,000 level at major cryptocurrency exchanges like Binance.

But what happens once BTC breaches $30K?

Well, many experts think that once BTC has passed $30,000 then the sky is literally the limit -- we might not get to John McAfee eating his own dick on national TV big like he said he would 3 years ago, but it could go a good chunk into the $30-something-thousand market easily.

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NEWS SOURCES:coindesk.com, nypost.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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