The “Bitcoin Season” is in full swing, the new ATH has been set at $ 66.326

Bitcoin has hit a new all-time high as the long-awaited spike pushes BTC / USD into the pricing zone.

Source: TradingView

Data from TradingView shows that Bitcoin has exceeded the cap of $ 64,900 since April and hit a preliminary all-time high of $ 66,326.

On the second trading day of the ProShares Bitcoin Strategy ETF, BTC / USD rallied again before the US Open.

This week, Bitcoin posted all-time highs against several major fiat currencies, including the euro. The community remains extremely excited and expects higher highs in the coming weeks and months.

The highest short-term estimates currently center around $ 300,000 for Bitcoin.

“Bitcoin season” is extremely active

Various dates support the idea that the moment Bitcoin is supposed to shine will precede altcoins, which will continue to be influenced by BTC as the day progresses.

With Bitcoin dominance at its highest level since May – 47.4% according to CoinMarketCap – traders were concerned that now is not the time to focus on altcoin portfolios.

So many Alt / Btc pairs look like they’re about to break down $ ETH / $ BTC with dynamic long-term support line$ SOL looks like a bear flag. Many have made macros LL’s

This is a great way to bring BTC to new aths and then back to alts. 2 for the price of one pic.twitter.com/y3gcjkyWmA

– Pentoshi won’t condemn you. hates dms. DMs are scams (@ Pentosh1) October 18, 2021

“A lot of ALT / BTC pairs seem to be breaking down. ETH / BTC is on dynamic long-term support. SOL appears to be in a bear flag. That’s great, if bitcoin goes to ATH, then altcoins follow. “

Estimates now suggest that the first half of 2022 will shift the fate of altcoins.

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Annie

According to Cointelegraph

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