Bitcoin Price Blows Past $20,000 to New All-Time High
Today, the Bitcoin (BTC) price blew past $20,000 per bitcoin to establish an undisputed new all-time high.
In late November, Bitcoin surpassed new record price high of $19,783 according to some exchanges and new highs in market capitalization.
But many viewed $20,000 as the true target to claim a new all-time high. It was a huge psychological barrier for traders.
I’m squarely in the “it’s not all time high until we breach $20k” camp
— Erik Voorhees (@ErikVoorhees) November 30, 2020
Now that it has been breached, is the Bitcoin price headed even higher?
Some prominent traders say these bullish moves combined with other factors indicate that Bitcoin may head toward another parabolic rise in price with models showing up to $300,000 per bitcoin.