free page hit counter

Bitcoin (BTC) hit a new psychological milestone on January 2 as the new year for hodlers got off to a flying start.

BTC / USD weekly candle chart (Coinbase). Source: Tradingview

BTC price will not waste time in 2021

Data from CoinTelegraph Markets, Coin360 and TradingView BTC / USD showed $ 30,000 while trading on Friday.

After hitting new all-time highs of $ 29,700 overnight, the pair showed no signs of weakness and tested the level several times before a final breakout occurred.

The area directly below $ 30,000 had proven to be a source of intense selling pressure in recent days, a setup similar to the one that disrupted Bitcoin for $ 20,000 a few weeks ago.

“If you’re looking for long-term access to HODL Bitcoin, don’t buy a cent in a year,” popular statistician Willy Woo summarized on Friday.

“The main bull phase is here. Capital inflows have gone crazy.”

Mixed reactions for altcoins

Among the major altcoins, performance on the day was mixed, with Ether (ETH) remain below $ 740 despite Bitcoin’s latest developments.