Bitcoin (BTC) $108,979.46 0.75%
Ethereum (ETH) $2,561.27 1.82%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 151.721096 2.52%
Cardano (ADA) $0.59 2.74%
Chainlink (LINK) $13.46 2.31%
Litecoin (LTC) $88.26 2.02%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 2.255199 2.00%
Dash (DASH) $20.13 1.51%
X-CASH (XCASH) 3.0E-6 2.01%
Dogecoin (DOGE) $0.00 3.25%

Cryptocurrencies: 26585

Markets: 104250

Market Cap: $3,363,512,843,742

24h Vol: $68,523,822,230

Seeking Alpha

2021-02-07 19:09:58

Bitcoin - Consolidation Brings New Opportunities

Bitcoin - Consolidation Brings New Opportunities

Since a few weeks bitcoin is consolidating between US$29,000 and US$40,000.Technically, this looks like a consolidation before the rally will continue.However, you need to understand that Bitcoin will have multiple 30-40% pullbacks on the way higher.But Bitcoin is outperforming all other asset classes quite significantly.And since Ethereum is trading at new all-time highs its now time for an alt coin season.

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