The rollback of Bitcoin that followed its jump last week will not be able to break the overall positive trend, says Pierce Crosby, manager of the popular TradingView service.
Today BTC is trading at $ 23,500 the capitalization of the largest digital currency has decreased over the past day to $ 438.176 billion.
According to Crosby, we are now at the stage of consolidation. It will be short and may end with a deeper correction. However, in the long term, BTC is still set to reach new heights.
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A representative from the TradingView team emphasized: "We do not expect any upcoming negative events. That creates a baseline and bullish trend in price."
There is less and less confidence in altcoins. Even if they continue to add value along with Bitcoin, the holders of the largest cryptocurrency will still win in the end.
The so-called "alt season" is possible next spring, but TradingView analysts are confident that Bitcoin will show much better performance, Crosby summed up.