Bitcoin (Bitcoin) The U.S. dollar price hit a record high because the long-awaited surge pushed BTC/USD into the price discovery stage.
Bitcoin returns to price discovery
On the second day of the transaction very popular ProShares Bitcoin Strategy ETF, BTC/USD soared again before the opening of the US-this is the characteristic of this currency pair in recent days.
On social media, Bitcoin’s most famous name is celebrating.
“The hall of eternity echoes the voice of those who sell bitcoin,” MicroStrategy CEO Michael Saylor Summarize.
— PlanB (@100trillionUSD) October 20, 2021
The price of Bitcoin against several major fiat currencies has hit a record high this week. Include EUR.
As Cointelegraph Report, Is expected to reach higher levels in the next few weeks and months, interspersed with short-term corrections to establish new support levels.
The current highest estimates for the short-term focus on Bitcoin 300,000 USD.
“Bitcoin season” is in full swing
Various data support the view that Bitcoin will shine before altcoins, and altcoins will continue to suffer from the impact of BTC on the same day.
According to CoinMarketCap’s records, Bitcoin’s market capitalization accounted for its highest level since May-47.4%-and popular traders have warned that this is not the time to focus on altcoin portfolios.
This is a great bc for the ability to compound BTC to a new ath and then back it up. 2 Price for one pic.twitter.com/y3gcjkyWmA
— Pentoshi will not call you. Hate Dm. DM is a scam (@Pentosh1) October 18, 2021
Current estimates indicate that First half of 2022 The fortunes of altcoins should improve.