Bitcoin: The world’s most popular coin breaks above $22,000 marking a new All-Time High record

Who could ever imagine that 2 days ago, Bitcoin was struggling to surpass the psychological level of $19,600 and today was just a few dollars away from $23,000

Yesterday, the King of Coins finally broke above $20,000 after almost 3 years. The last few days, the coin was trading around $16K — $17K having many unsuccessful attempts to surge above $18,000 with analysts being completely disappointed as Bitcoin’s behavior was nothing more than Bearish ruining the plans for a new All-Time High by the end of 2020.

However, the world’s largest Cryptocurrency managed to beat the resistance lines that were holding it below $18K and magically, in less than 24 hours the currency moved from $17K to $19K, bringing back all the hopes for a new record.

Bitcoin shows its strength to the whole Blockchain industry, as less than 24 hours were needed in order to jump from $19,300 to its peak $22,950 proving wrong to all those who wanted BTC down.

Analysts were planning such break by the end of 2020 but the King of Coins not only broke above $20,000 but it also peaked at $22,950 staying just $50 away from $23K. In other words the primary cryptocurrency had a daily surge of $3,000.

After surpassing $21,000 Bitcoin probably didn’t want to have any obstacles on the next $1,000 rise and it managed to jump at $22,000 in just 5 hours without having any problems.

Last major thing to notice is that if the King of Coins keeps performing in this way, then $100,000 mark should definitely join the game which would bring a fresh start to the global economy.

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