After record price hikes of more than $ 24,000 per currency, Bitcoin (BTC) has been standardized, and the price eases slightly. The asset may have stalled for the time being, but the future is still bullish according to Trading View General Manager Pierce Crosby.
Crosby explained that at the moment, I see very headwinds for Bitcoin, adding: The recent performance might look equivalent, but we don't expect negative events in the near term. This makes the price case a bullish base.
Bitcoin broke its all-time high of $ 19892 in 2017 on December 1, 2020, before rebounding later by more than $ 1,000. After stabilization, Bitcoin took another round, crossing $ 20,000 and entering price discovery with no historical levels above it.
and since the last rally of over $ 24,000, the largest cryptocurrency assets have traded sideways over the past several days after pulling back a bit.
In the past, periods of Bitcoin cool-down have sometimes led to money flowing into altcoins, leading to a period of positive pricing for non-Bitcoin digital assets. However, Crosby remains unsure of the altcoin scene.
where Crosby said: I have less confidence in altcoins, especially with the turnover to major currencies ... The word major currencies refers to the share of digital currencies that carry value Great marketability.
He continued: We can expect to turn back into altcoins in the spring, but unfortunately for fans of altcoins, Bitcoin is in a relatively stronger position.
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Mas Mutual and MicroStrategic are two examples of mainstream financial entities that have jumped in the Bitcoin train and invested large amounts of capital.
