Bitcoin (BTC) set a new record on December 19, as markets continued to surprise during weekend trading.

The BTC price has just hit a new record

Data from CoinTelegraph Markets and Tradingview showed that BTC / USD just eclipsed this week’s all-time high, hitting $ 24,210 on Coinbase before reversing.

Volatility was high as the previous all-time high of $ 23,777 just collapsed before resistance started again. According to exchange order book data, sellers are standing by at $ 24,000, with that area now forming a psychological barrier currently under attack by bulls.

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

“Let’s go, another weekend record high?” Cointelegraph Markets analyst MichaĆ«l van de Poppe tweeted, keen to the renewed energy in Bitcoin markets.

Bitcoin trade buy and sell areas (white = more orders). Source: Material indicators

Trader warns $ 18.5K to still watch

The move continues a trend that has developed significantly in recent weeks price action that takes place over the weekend rather than strictly during the week.

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

“Such vertical rallies are not sustainable for long. So there will be a correction at some point. However, anyone can predict when it will happen as Bitcoin can easily run to $ 30,000 and see a 30% correction,” he summarized. .