Bitcoin (BTC) $64,180.37 -0.53%
Ethereum (ETH) $1,908.22 2.11%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 76.266858 -1.46%
Chainlink (LINK) $8.49 1.90%
Cardano (ADA) $0.16 -0.24%
Litecoin (LTC) $44.79 -0.79%
Dash (DASH) $33.99 -0.31%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.211447 0.46%
X-Cash (XCASH) 2.0E-6 3.49%
Dogecoin (DOGE) $0.00 2.51%

Cryptocurrencies: 29462

Markets: 111547

Market Cap: $2,210,344,666,269

24h Vol: $65,816,527,138

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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