Bitcoin price inches closer to $30,000 with new all-time highs

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A swift return to form for Bitcoin sparks 8% daily gains and gives no hint of a deeper reversal under $30,000.

BTC returned to hitting records on Dec. 30 after a fresh rebound took it above its $28,400 all-time high.

Bitcoin price nails fresh all-time high

Data from Cointelegraph Markets and Trading View showed BTC/USD tackle its existing historic top during trading on Wednesday.

In a strong resurgence overnight, Bitcoin confirmed that it had no time for bears after briefly dipping as low as $25,830 over the past 24 hours.

Daily gains were at 7.5% at press time as $28,560 became reality.

The move brings Bitcoin ever closer to sealing $30,000 as a new psychological level before the end of the year, something that seemed all but impossible just one week ago.

As Cointelegraph reported, however, analysts still believe that a reversal could take the largest cryptocurrency down to existing support at $19,500.

Nonetheless highlighted $27,500 as the critical area to break in order to pave the way for new all-time highs.

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