- Analyst sets $116,650 as the next ATH target for Bitcoin.
- Bitcoin’s latest rally pumps bullish sentiment for new BTC ATH targets.
- This sentiment seeps into bullish expectations for altcoins and altseason as well.
Sentiments are high in the crypto community as Bitcoin (BTC) price recovered the $62,000 pierce range. Analysts expect the pioneer crypto asset to reclaim the $64,000 target next before moving in an upward surge towards new ATH price range. This rally has pushed the crypto market to a slightly more bullish sentiment.
Bitcoin Continues to Rally, $116,650 ATH Target Set
In detail, the Crypto Fear & Greed Index moved from a Fear score of 32 to a Neutral score of 49 within a single day. Analysts have high expectations for Bitcoin to continue its upward trajectory and make significant gains before the crypto market sentiment turns fully into the Greed radar.
This rally could start with sending the price of BTC to $66,000 before skyrocketing towards the $80,000 price range. Seasoned analyst are hoping to see BTC set massive new ATHs this ongoing crypto bull cycle in the incoming bull run phase. Some are even expecting BTC price to hit $220,000 to $550,000.
According to one analyst, Bitcoin is currently still working to reclaim its previous ATH which was set at $73,700. Based on this historical pattern, the analyst explains in the post above that the price of BTC could rally to a much higher ATH. In fact, in the eyes of this analyst, BTC will set its next big target at over $116,650.
Read CRYPTONEWSLAND on
google news
Bitcoin’s Rally Pumps Altseason Expectation
This BTC prediction is a welcome expectation for the crypto community. Furthermore, it also fuels the expectation for a massive altcoin pump. With expectations for altseason to arrive, analysts share their thoughts. As we can see from the post above, one analyst noticed the Altcoin Season Index which has formed a most bullish patterns for 3.5 years, the Inverse Head and Shoulders. He expects fast action soon.
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
