After a near three year wait, the price of Bitcoin has finally broken it’s all time high mark set on Bitstamp on December 13, 2017. Many will be looking for the coin to cross $20,000 — a more rounded figure given to the all time high of the coin.
The specific price of Bitcoin relative to fiat currency at any given time depends on the rate set by specific exchanges, and the listed all-time high price or price at any given time depends on the particular data set referenced. And in saying that, Bitstamp does not list the highest all-time bitcoin price of any exchange (Bitfinex, for instance, listed Bitcoin at $19,891 on December 11, 2017), its data stream represents one of the longest-operating bitcoin exchanges in history.
On Bitstamp, the price of the coin managed to rally to $19,825 before falling back sharply to around $19,200 at the time of publishing. No doubt that Bitcoin is feeling the resistance level of its all time high and may take awhile to comfortably stay above it.
Bitcoin has been rallying for some time now and managed to break the shackles of the $14,000 mark to keep climbing to this new high. However, at the end of last week, the coin fell sharply by a few thousand dollars. This was simply a correction it now seems as the fall was short lived.