Bitcoin (BTC) $93,526.90 0.96%
Ethereum (ETH) $3,338.08 -0.27%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 189.736915 0.58%
Cardano (ADA) $0.85 1.38%
Chainlink (LINK) $20.00 -1.46%
Litecoin (LTC) $104.91 6.86%
Helium (HNT) 6.045566 1.44%
Polygon (MATIC) 0.45133 -0.72%
Dash (DASH) $37.90 0.20%
X-CASH (XCASH) 1.0E-6 -5.70%
Dogecoin (DOGE) $0.00 3.89%

Cryptocurrencies: 24655

Markets: 95368

Market Cap: $3,268,378,176,242

24h Vol: $106,974,380,516

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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