31 December 2020 11:10, UTC

Anna Martynova

Bitcoin set a new record of $29,286 on the morning of December 31st. The new ATH is just 2.5 percent of the $30,000 target mark. Probably, in the new year, the price of bitcoin will get to the $30,000 mark.

Looking back at 2017, when the last big bull rally took place, we see major setbacks and corrections that scared the crypto world. The current rally can be declared open from the beginning of September. Bitcoin price has risen from $10,000 to $19,500. Then there was the only decline in this rally of more than 10%. However, the price quickly returned to the $24,000 mark. Then another slight decline followed, and bitcoin rallied to its current level.

In the last 24 hours, the price of the first cryptocurrency increased by 7.35%, and in the last week – by 24.76%. Bitcoin is up 531% since March.

Image: 3dnews

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