Bitcoin (BTC) hit a new psychological milestone on January 2 as the new year for hodlers got off to a flying start.
BTC price will not waste time in 2021
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.
Others also saw teething problems, including Polkadot (POINT), which fell 6.3% to cut its still strong 60% weekly performance profit.