CoinVoice has recently learned that, according to The Kobeissi Letter citing data analysis from Sentimentrader, the vast majority of cryptocurrencies are not currently in the historical peak range (within 5% of the peak over the past 252 days). In contrast, when Bitcoin set new records in February and November 2024, approximately 75% and about 40% of cryptocurrencies were within 5% of their 252-day peaks, respectively. Historically, when a large number of cryptocurrencies' trading prices approach historical highs, Bitcoin tends to pull back. The current divergence suggests that Bitcoin may have greater upward potential. [Original link]