Is Bitcoin’s vertical rally in danger? Why $30K isn’t the only level

(BTC) had a tremendous 2020 as BTC price rallied by 311%. In the shadows of Bitcoin, Ether (ETH) also saw a fantastic year as Ether’s price rallied by an even bigger 475%. While only five days into the new year, ETH is continuing this trend.

Bitcoin breaking new all-time highs above $30,000 has sparked a massive rally fire that is now spilling over to altcoins. However, the question now is whether the bull run will continue vertically, as it did in the past few months, or whether a short-term correction should be expected.