Cryptocurrencies: 28610
Markets: 116284
Market Cap: $2,418,242,216,392     
24h Vol: $54,891,059,276
Seeking Alpha 2021-02-07 19:09:58

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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