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
One of the factors that pushed bitcoin prices to reach new ATH was influenced by several market sentiments. One of them is a bitcoin trading ETF launched by a futures exchange fund. However, Historically, during a Bull market, the cryptocurrency market saw Bitcoin experience a rapid uptrend first. Then, Altcoins followed, after BTC reached ATH and this has started where some altcoins have started to show significant gains.
Unlike before on those previous years that bitcoins price do move out without any attached sentiments or news but now we could somewhat attached those events or things happened around even though its not that
unpredictable but at least we do already have the idea.
Unlike before that whenever price had reached out new ATH then theres always a tendency for some crash or huge correction but it didnt really happen on this year which bitcoin did really able
to break out new ATH 2x or even 3x as of this recent 68k ath.
Next ATH? No one knows if it would able to hit again as of this year or onto the next.