Bitcoin (BTC) price has hit a new all-time high in US dollars as the long awaited rally drives the BTC / USD pair to price discovery.
Bitcoin back in pricing
Data from Cointelegraph Markets Pro and TradingView showed that Bitcoin broke the April high of $ 64,900.
On the second trading day of the popular Exchange Traded Fund (ETF) from ProShares “Bitcoin Strategy”, the price of BTC / USD rose again ahead of the United States opening, a practice that has shaped the pair for the past few days.
The world’s best-known names celebrate Bitcoin on social media.
â ???? The corridors of eternity echo with the screams of those who sold their bitcoinsâ ????,TO commentedMicroStrategy CEO Michael Saylor.
New #bitcoin ATH pic.twitter.com/agaF0u8cS3
to???? PlanB (@ $ 100 trillion) October 20, 2021
New Bitcoin ATH!
Bitcoin has already seen all-time highs against several major fiat currencies, including the euro, this week.
As Cointelegraph reported, expectations remain that even higher levels will be reached in the coming weeks and months. interspersed with short corrections to establish new levels of support.
The highest short-term projections are currently at $ 300,000 per bitcoin.
We are in the full “bitcoin season”
Several dates support the idea that the moment Bitcoin is supposed to shine will precede Altcoins. who continue to suffer from BTC.
Bitcoin’s market capitalization is at its highest level since May (47.4%, according to CoinMarketCap records), and the most famous traders had already warned against it Now was not the time to focus on an altcoin wallet.
So many Alt / BTC pairs look like they’re about to break down USDETH / USDBTC with dynamic long-term support lineUSDSOL looks like a bear flag. Many have done macro LLs
This is great for the ability to bring BTC to new aths and then back to alts. 2 for the price of one pic.twitter.com/y3gcjkyWmA
to???? Pentoshi Wonâ ?? t Dm You. hates dma ???? s. DMs are scams (@ Pentosh1) October 18, 2021
So many Alt / BTC pairs seem eager to break USDETH / USDBTC at the long-term dynamic support line. USDSOL appears to be on a bearish flag. Many have done macro LLs
This is great due to BTC’s ability to hit new ATHs so altcoins will go up again. 2 for the price of one
Current estimates suggest that the first half of 2022 should lead to a change in altcoin revenues.