Another day, another all-time high — Bitcoin hits $24K in weekend surge

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Bitcoin hits a fresh all-time high of $24,210 on Coinbase as volatility ensures the weekend bulls are not yet done.

Bitcoin (BTC) set a new all-time high on Dec. 19 as markets continued to deliver surprises in weekend trading.

BTC price just hit another all-time high

Data from Cointelegraph Markets and Tradingview showed BTC/USD just eclipsing its record level set this week, reaching $24,210 on Coinbase before reversing.

Volatility was high as the previous all-time high of $23,777 just gave way before resistance kicked in once again. According to exchange orderbook data, sellers are ready at $24,000, with that area now forming a psychological barrier currently under attack from bulls.

BTC/USD hourly chart (Coinbase). Source: Tradingview

“Let’s go, another all-time high during weekend hours?” Cointelegraph Markets analyst Michaël van de Poppe tweeted, keenly eyeing the renewed energy in Bitcoin markets.

Bitcoin exchange buy and sell areas (white = more orders). Source: Material Indicators

Trader warns $18.5K still support to watch

The move continues a trend that has developed in recent weeks, significant price action occurring during weekends rather than strictly during the week.

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On Saturday, meanwhile Van de Poppe urged caution, arguing that crucial support still lay much lower on the BTC/USD chart at $18,500.

“Such vertical rallies aren’t sustainable for long. Thus, a correction will occur at some point. However, predicting when it happens is anyone’s guess as Bitcoin may easily run to $30,000 and then see a 30% correction,” he summarized.

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