Bitcoin price hit a new ATH this year reaching $5,600. The next stop looks to be $6,000. HODLers are daring to dream… But, let’s keep a little perspective. All major coins are still a (very) long way off their all-time-highs. That could be significant in itself, though. After all, the bounce-back can only be higher.
There’s Only One Way to Go From Here
Do you want the good news or the bad news first? Let’s start with the bad.
Despite breaking through a key resistance level and forming its first golden cross since the 2015 bottom, Bitcoin (BTC) is still down a massive 72 percent from its all-time high in December 2017.
Ether (ETH) is off by a whopping 88 percent, and Ripple even worse at 90 percent. Let’s not get started on Bitcoin Cash… They forked themselves pretty hard back in November last year and currently down 92 percent from historic highs.
Other altcoins are also struggling, namely:
- XRP: – 90%
- EOS: – 76%
- LTC: – 78%
- ADA: – 93%
- XLM: – 87%
- TRX: – 89%
- XMR: – 87%
- DASH: – 91%
- MIOTA: – 94%