Viewpoint: Most currencies have not reached ATH, which may indicate that Bitcoin still has a lot of room for growth
citing data analysis from The Kobeissi Letter and Sentimentrader, the vast majority of currencies are not currently at historical highs (within 5% range of the high point in the last 252 days).
In contrast, when Bitcoin set new records in February and November 2024, approximately 75% and about 40% of cryptocurrencies were within 5% of their 252-day high point.
Historically, when the trading prices of many cryptocurrencies are close to historical highs, Bitcoin tends to fall. The current divergence suggests that Bitcoin may still have more room for further growth.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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