Bitcoin Just Recorded Another All-Time High: Is $25K Incoming? (BTC Price Analysis)

As the world is celebrating Christmas, the primary cryptocurrency has its own private celebration.

Bitcoin Just Recorded Another All-Time High: Is $25K Incoming? (BTC Price Analysis)

Two days back, following Ripple's SEC claim, it seemed like Bitcoin would prefer to test its earlier opposition turned help at $20K prior to proceeding with higher. The previous low was $22,700. 

In any case, Bitcoin has its own arrangements. The BTC cost had expanded $2,000 in the course of recent days, outperforming the past record-breaking high from last Sunday set at $24,370 (Bitstamp). As of composing these lines, Bitcoin's day by day high, which is the new ATH, is $24,660, as indicated by Bitstamp. 

Along with the new ATH, Bitcoin is additionally lifting its speed ruling the crypto markets. As per CoinMarketCap, the Bitcoin Dominance metric is set to 69%, which is the most significant level recorded since January 2020. 

BTC Support and Resistance Levels To Watch 

As Bitcoin value sets another untouched high, the resource is exchanging a value revelation zone, which implies no genuine opposition above, in light of past execution (which is fundamentally non-existing). 

Notwithstanding, we can accept that the primary huge opposition will be the mental degree of $25,000. This is trailed by the yellow rising pattern line on the day by day outline, as can be seen beneath. 

The last is at present around $25,400. Next is the mental degree of $26,000. 

If there should be an occurrence of a value amendment, at that point the main degree of help currently lies around the past ATH from Sunday at $24,370. This is trailed by $24,000 and $22,700 (Wednesday's low). 

Absolute Market Cap: $670 billion 

Bitcoin Market Cap: $456 billion 

BTC Dominance Index: 69.0%

BTC/USD BitStamp 1-Day Chart