- Bitcoin sets new bullish ATH at $75,011 and propels altseason sentiment.
- Popular altcoins gain recognition amid bullish signals on their price charts.
- TON and Ripple’s XRP could pump parabolically soon.
Bitcoin (BTC) claimed a new ATH in the wake of the ongoing US Presidential elections at $75,011.06. The price of Bitcoin pumped from $68,000 to $75,011 in under a day. This 8.15% pump was all it needed for a new ATH and market sentiments pointing to a Trump victory indicated the pioneer crypto asset will go on to set even greater ATHs in the coming months.
This view sets a bullish sentiment for what was already expected to be a highly bullish Q4 where Bitcoin would set new ATH predicted to range from $100,000 to $150,000 by the end of Q4 and cycle top predictions for the pioneer crypto asset ranges from $220,000 to $320,000 and higher. Furthermore, a positive outcome for Bitcoin in Q4 will lead to bullish pumps for altcoins in altseason which will likely occur in Q1 of 2025.
$75,011 New BTC ATH Empowers Bullish Altseason Ahead
Presently, many altcoins are showing strong bullish indicators for a major pump ahead. For instance, one analyst draws light on Toncoin (TON). As we can see from the post above, the analyst shares a detailed macro chart for the altcoin TON and goes on to set what could likely be the cycle top for the altcoin this bull cycle.
With a cycle top expectation between $12 and $15 for TON, the analyst said that he likes the fact that TON is testing prior Resistance for Support at the moment. He says that he thinks this correction is coming to an end and the crypto market will see Wave 5 occur very soon. This bodes well for other altcoins as well.
TON and XRP Flash Bullish Pump Signals
For instance, the analyst above highlights Ripple’s XRP’s historical price activity during past election cycles where XRP experienced explosive growth. Specifically, a 40,337% in 2017, and a 566% in 2020. The XRP price chart has printed multiple bullish signals so far. Could this ongoing election lead to a similar pump?
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