Bitcoin Almost Taps $28,000 in Continued Holiday Rally

Bitcoin has continued to erupt higher, even as certain traders have asserted that the market is clearly overbought. As can be seen in the chart below, BTC recently moved toward $28,000. While it did not manage to tap that level, it peaked at $27,900 on top exchanges. Bitcoin currently trades for $22,700 as buying pressure […]

Bitcoin Almost Taps $28,000 in Continued Holiday Rally

Bitcoin has continued to erupt higher, even as certain traders have asserted that the market is clearly overbought. As can be seen in the chart below, BTC recently moved toward $28,000. While it did not manage to tap that level, it peaked at $27,900 on top exchanges. Bitcoin currently trades for $22,700 as buying pressure has temporarily paused. There are some that think that BTC could target $30,000 in the near term as the trend remains positive and as institutional players continue to flood into space.