Bitcoin has broken a record but beware: there is still no record in non-Dollar pairs! Analyst said there is an upward gap! Here are the details.

Crypto analyst Joao Wedson stated that although Bitcoin has reached its all-time high in USD terms, it has not yet reached this level in other currencies.

In a statement made through his social media account, Wedson expressed that the BTC/USD pair, which has the highest trading volume against the dollar, has set a new record, but noted that the same situation does not apply to other fiat currencies.

According to Wedson, Bitcoin needs to rise at the following rates to set a record against other major currencies:

• 10.3 percent against the Euro
• 11.5 percent against the British pound
• 11 percent against the Swiss franc
• 10% against the Japanese yen
• 8 percent against the South Korean won
• 5 percent against the Canadian dollar
• 29 percent against the Russian ruble
• 8 percent against the Brazilian real

Wedson stated that these differences clearly demonstrate the impact of exchange rates on the crypto market. “When we look beyond the dollar, we still see a significant upward space. However, this also indicates that new resistance levels may form,” he said.

Additionally, Wedson pointed out some advantages that most investors are not aware of: “Bitcoin pairs traded with currencies like the euro and ruble may offer higher statistical asymmetry compared to the dollar pair. However, this situation is not widely discussed in the market.”