The\u00a0Bitcoin\u00a0price surged to $ 29,300, breaking the $ 28,500 resistance on December 31. Is it possible to see breaking through the $ 30,000 for the first time until the new year?\r\n\r\nBitcoin price surged to $ 28,600, breaking through a strong resistance set of $ 28,500 a few days ago. It was later rejected in a sharp correction towards $ 27,300. Today, the high-volume volatility has pushed the\u00a0BTC\u00a0price to\u00a0an all-time high of $ 29,280.\r\n\r\nIn the last days of 2020,\u00a0Bitcoin (BTC)\u00a0prices broke records without stopping. The $ 20,000, which was considered a hard-to-reach record just a few months ago, is now far behind. The price of the leading cryptocurrency has increased by almost\u00a0300%\u00a0within a year.\u00a0Bitcoin Hodlers\u00a0are now eagerly waiting for the\u00a0$ 30,000\u00a0mark.\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nWhat Levels Do Analysts Expect From Now On?\r\nAccording to expert analyst\u00a0Aayush Jindal, these are the levels the cryptocurrency can see in the short term: For now, the price is facing hurdles around $ 29,200, and a clear break above that level could open the doors for further bullish above\u00a0$ 29,500. Conversely, if\u00a0Bitcoin\u00a0initiates another downside correction, it is likely to find support near the $ 28,650 zone. The next major support is near the $ 28,300 zone. Further dips below $ 28,300 indicate a greater risk of a downside, according to the analyst.\r\n\r\nSpartan Black, one of the well-known analysts of the cryptocurrency community, shared his expectations for 2021 on\u00a0Twitter\u00a0a few days ago. According to the analyst, the leading cryptocurrency\u00a0Bitcoin\u00a0will reach the level of $ 100,000 in the next year. Along with\u00a0Spartan Black, many other notable names expect such an important and even higher attack from Bitcoin.\r\n\r\nInstitutional investors are further supporting this record-breaking process with new investments.\u00a0MassMutual, the\u00a0Guggenheim, and just yesterday,\u00a0Anthony Scaramucci\u2019s Skybridge Capital have also joined this list.\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nGlassnode: The Liquidity of Bitcoin in the Market Has Declined\r\nRafael Schultze-Kraft,\u00a0CTO\u00a0of the on-chain market analysis company\u00a0Glassnode, made very crucial evaluations by giving figures about the Bitcoin supply. Stating on both\u00a0Twitter\u00a0and\u00a0Glassnode\u2018s page that Bitcoin investors are increasingly complying with the\u00a0HODL\u00a0philosophy, the successful technology manager emphasized that the biggest cryptocurrency is turning into a store of value with limited supply.\r\n\r\nOne of the most important #Bitcoin charts in 2020.\r\n\r\nLiquidity getting squashed, investors hoarding, accessible BTC becoming scarcer.\r\n\r\n1M BTC have become illiquid this year, i.e. are held by entities that spend < 25% of coins they receive.\r\n\r\nLess $BTC for you to buy.\r\n\r\nBullish. pic.twitter.com\/H3gGTTgqXk\r\n\u2014 Rafael Schultze-Kraft (@n3ocortex) December 30, 2020\r\n\r\n\r\n\r\n\r\nSchultze-Kraft\u00a0stated that 88.5 percent of the total supply has been removed, and the amount in circulation is 18.6 million BTC. As 78% of\u00a0Bitcoin\u2018s circulating supply is illiquid, this piece is very difficult to buy.\u00a014.5 million BTC is currently illiquid, which puts only 4.2 million BTC in a position to be bought and sold. In 2020, an extra 1 million BTC became illiquid. This is a huge bullish signal. He says that the current bull run could be due to this liquidity crisis.\r\n\r\n#coinsfera #cryptonews #buybitcoinistanbul #buybitcoindubai #buybitcoinkosovo #buybitcoinwithcash #sellbitcoinwithcash #buybitcoin #sellbitcoin\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nDisclaimer: All information provided in the content is for informational purposes only and should not perceive as an investment, financial, or trading advice. Any investment decision you make should be a personal choice based on financial knowledge, experience, and market research.