Opinion: Most current currencies have not reached ATH, which may indicate that Bitcoin still has greater room for growth
According to online reports, according to The Kobeissi Letter quoted data from Sentimentrader, the vast majority of currencies are currently not in the historical high range (5% range of 252-day highs). By contrast, when Bitcoin hit new records in February and November 2024, about 75% and about 40% of cryptocurrencies, respectively, were within 5% of its 252-day highs. Historically, Bitcoin has fallen back when the trading prices of a large number of cryptocurrencies approach historical highs. The current disagreement suggests that Bitcoin may have more room to rise.
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