Bitcoin price rally seems unstoppable at this point as the world’s largest asset gains another 6% today hitting a fresh all-time high of $97,457 and moving closer to the $100K milestone. Bitcoin seems to consolidate further ground against altcoins taking its market dominance to more than 60.5%. Amid today’s BTC rally, the ETH/BTC pair has touched a three-year low with analysts predicting a Bitcoin surge ahead to $135,000.
Why Is Bitcoin Price Rising Today?
Earlier today, the ETH/BTC pair broke the trendline hitting a three-year low since March 2021. This development could further delay the altcoin season ahead as Bitcoin’s outperformance continues in this market.
A letter from the grave???? $ETHBTC pic.twitter.com/FALauZ8M7R
— Peter Brandt (@PeterLBrandt) November 21, 2024
Commenting on this, market strategist Bitcody wrote: “I believe ETH/BTC could bottom next month. Historical data supports this – December has marked the ETH/BTC bottom in 6 of the last 8 years. If Decemb
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