Most coins are far from their peaks, and Bitcoin may have greater room for pump.

On July 12, according to data analysis from the data platform, the vast majority of coins are not currently within the historical high point range (5% range of the 252-day high).

In comparison, when Bitcoin sets new records in February and November 2024, approximately 75% and about 40% of cryptocurrencies are within 5% of their 252-day highs.

Historically, when the trading prices of a large number of cryptocurrencies approach historical highs, Bitcoin tends to decline. The current divergence indicates that Bitcoin may still have greater upward potential.

BTC-1.04%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Share
Comment
0/400
GateUser-26d7f434vip
· 07-14 16:22
We can still make a big move.
View OriginalReply0
SneakyFlashloanvip
· 07-14 09:49
Old habits die hard.
View OriginalReply0
GasWranglervip
· 07-13 01:58
technically speaking, data indicates clear accumulation phase rn
Reply0
BitcoinDaddyvip
· 07-11 16:52
Can we make big money again? Bullish!
View OriginalReply0
GasFeeCrybabyvip
· 07-11 16:49
This trend looks comfortable.
View OriginalReply0
OnchainHolmesvip
· 07-11 16:34
It seems like it's about to break the ATH again.
View OriginalReply0
WagmiOrRektvip
· 07-11 16:23
Feeling great, it can still rise
View OriginalReply0
SmartContractRebelvip
· 07-11 16:23
fall silly continue to recharge money
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)