Bitcoin Price Crosses $22,000 For First Time in History.

At Thursday, the price of the world’s first cryptocurrency (BTC) rose above $22,000 for the first time, having anchored at around $21,500 for a few hours during the early Asia trading hours.

Bitcoin has ranged between $19,516 and $22,214 over a 24-hour period and appears seaworthy as statements about its price reaching six figures have ramped up in recent weeks.

The weather appears clear for bitcoin, according to analysts, who say a period of profit-taking is not yet on the horizon.

“$22,000 is a green flag on the way to the next psychological level at $24,000 and I would expect rapid movement and high volatility under the $24,000 range before year’s end,” said Kenetic Capital CEO Jehan Chu.

Sell orders above $22,000 appear nowhere in sight, according to CryptoQuant CEO Ki Young Ju, who spoke with CoinDesk via Telegram.

“Looking at order books on major exchanges, I can’t find huge sell walls above $22,000 for now. Sell walls above $22,000 are so thin compared to $20,000 resistance,” said Ju. “It’s easy to break I would say.”