- Bitcoin sets a new ATH signaling bullish altcoin activity.
- Fantom is highlighted as a highly potent asset this bull cycle.
- FTM price is up by over 12% and prepares to hit a cycle top target of $15.
Analysts note that altcoins are heading towards a phenomenal rally as Bitcoin continues in its bullish sideways movement towards $110,000. Earlier today, Bitcoin set its latest ATH at $106,488.25 and analysts expect the pioneer crypto asset to continue hitting new ATH in its ongoing price discovery phase.
Altcoins Print Bullish Golden Cross Pattern
While new ATH for Bitcoin are certain, some analysts caution against healthy corrections and dips that could possibly take the price of BTC to the $90,000 price range. One analyst is certain that the $125,000 price target for Bitcoin could arrive by January or February. Meanwhile, altcoins are also picking up on Bitcoin’s bullish rally.
Presently, several analysts are identifying highly bullish indicators for the altcoin market and specifically for many popular altcoins as well. As we can see from the post above, altcoins have completed a crucial golden cross pattern mirroring a bullish signal from the 2020 bull cycle which was followed by a significant surge for a myriad of altcoin.
Fantom (FTM) Could Hit $15 This Bull Cycle
In particular, the post above highlights the bullish potential of a popular altcoin, Fantom (FTM). As we can see from the post above, the analyst says that Fantom holders don’t have to glue themselves to the FTM price chart as all they should do is sit, relax, and enjoy the ride.
To specify, the analyst expects FTM price to pump to a cycle top target of $15 this bull cycle. This is a significant pump for FTM price which currently stands at $1.38. According to CoinMarketCap data, the altcoin is up by over 12% in the last 24 hours.
