Bitcoin (BTC) $85,837.72 -0.33%
Ethereum (ETH) $2,734.32 -0.50%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 117.398407 0.07%
Chainlink (LINK) $12.91 -0.57%
Cardano (ADA) $0.25 2.42%
Litecoin (LTC) $62.80 3.92%
Dash (DASH) $62.81 5.97%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.51998 9.68%
X-Cash (XCASH) 3.0E-6 0.00%
Dogecoin (DOGE) $0.00 -1.66%

Cryptocurrencies: 30093

Markets: 114503

Market Cap: $2,923,670,724,138

24h Vol: $110,670,975,863

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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