Bitcoin (BTC) hit a new psychological milestone on January 2 as the New Year got off to a flying start for Hodler.
BTC / USD weekly candlestick chart (Coinbase). Source: trade view
BTC price doesn’t waste time in 2021
Data from Cointelegraph Markets, Coin360 and TradingView showed that BTC / USD grossed $ 30,000 during Friday’s trading.
After hitting new all-time highs of $ 29,700 overnight, the pair showed no signs of weakness and tested the level multiple times before breaking out into a final.
The area immediately below $ 30,000 had generated strong selling pressure in the past few days, similar to what Bitcoin had disrupted weeks ago at $ 20,000.
“If you’re looking for a long-term entry into HODL Bitcoin, you shouldn’t make nickel and dime. You won’t sweat a few thousand dollars in imperfect entry when it’s $ 100,000, $ 200,000, $ 300,000 in a year” , summarized the well-known statistician Willy Woo on Friday.
“The main bull phase is here. The capital inflows have gone insane.”
Mixed reactions for altcoins
The big altcoins saw mixed performance that day, with Ether (ETH) remaining unchanged below $ 740 despite Bitcoin’s recent advances.
Others also saw teething problems, including polkadot (DOT), which fell 6.3% to hurt his still strong 60% weekly performance.
One curious engine was XRP, which, despite the pressure of lawsuits against Ripple, stayed steady at $ 0.23 after improving 7% on Friday.