Bitcoin Price Breaks $30,000: Another All-Time High Set

Two days after the start of the new year, Bitcoin has taken for the skies, yet again. The cryptocurrency poked above a major level at $30,000.

The price for Bitcoin marked another leg up, two days into the new year. Moments ago, it touched a high of $30,665 on the popular EU-based cryptocurrency exchange Bitstamp.
The cryptocurrency now trades around $30,460 for a daily increase of about 3%.

In the past seven days alone, bitcoin’s price has increased by more than 20%.
Interestingly enough, this is also the 6th consecutive daily candle that BTC is trading in the green.
The cryptocurrency is currently in price discovery territory making it hard, or even impossible, to pinpoint subsequent targets.
It’s also worth noting that severe volatility is likely to be expected in the following few hours so traders ought to be careful when timing the market.
A the time of this writing, all BTC holdings are currently in profit, highlighting the notion that HODLing BTC is a more careful and profitable approach than trying to time the market.