Bitcoin has a last minute Christmas rush

Yesterday evening Bitcoin took off. The lead cryptocurrency started to make a move not long after the 4pm London FX fix. The price later rose above the noted double top that was in place just above 49,550. That price level had been commented on and identified here earlier in the day and the move above it duly delivered some concerted fresh buying and the subsequent rise to above 51k was pretty impulsive too. BTC lifted to as high as 51,385 ahead of the wider US market close last night. Today it has topped just a little above that level, rising to as high as 51,524 so far. It has backed away from that high now, but the move back above 50k has helped to re-establish the upside with more conviction now. The next major resistance level of note is now at 54,668, but it remains to be seen if there is enough demand to see that level tested ahead of the Christmas holidays this weekend. Bitcoin is currently trading at 51,015