Re: Bitcoin's new All Time High (ATH) has been reached this year again (X2)
I'm not surprised that Bitcoin has been able to surpass a new ATH again this year, which means Bitcoin has experienced twice ATH this year in different months with not so long duration, which is about 6 months(+ -), and this is lagging -again proving that Bitcoin continues to strengthen and is trusted by everyone, but what I'm surprised is that all the popular Altcoins in the market have not reached their new ATH after having reached it together with Bitcoin in the previous 6 months.
What do you think this is affected by ? so Altcoin looks very difficult to increase now
It is not that surprising, altcoins show a delayed reaction to the movements of bitcoin, back then the all time high of bitcoin and altcoins matched because back then bitcoin was making all time highs almost everyday so it makes sense that altcoins finally caught up with bitcoin in that scenario, but now we are only at the beginning stages of a new series of all time highs for bitcoin, so it makes sense that bitcoin reached its all time first and it will take altcoins some more time before they can do the same.What do you think this is affected by ? so Altcoin looks very difficult to increase now