- Bitcoin’s new ATH ignites bullish altcoin signals.
- Telcoin could pump by over 1,800% this bull run.
- Analyst expects TEL price to pump by 20x this bull cycle.
Bitcoin’s bullish surge continues, hitting a new all-time high (ATH) at $81,858, setting a promising tone for the week ahead. Analysts expect BTC to soon approach the $88,000 mark, with targets between $100,000 and $158,000 anticipated by Q4’s end. This powerful uptrend has fueled expectations for an incredibly bullish altseason as well.
Bitcoin’s ATH Drives Altcoin Surge
Market sentiment remains high, with the Crypto Fear & Greed Index in the ‘Extreme Greed’ zone at a score of 76. Bitcoin has climbed from $75,000 to $81,000 in less than 10 days, drawing comparisons to the enthusiastic bull run of 2021. Adding to the optimism, the recent victory of pro-crypto President-elect Donald J. Trump has only heightened the push for BTC to reach six figures by the end of Q4.
Currently, Bitcoin’s price rally coincides with a favorable ‘golden pocket’ period between Election Day and Inauguration Day, a time when seasoned traders are poised for significant market gains. With November continuing the bullish trend seen in October and September, both Bitcoin and multiple altcoins are flashing strong bullish indicators.
As a result, many altcoins are expected to set new ATHs in the months to come, marking a promising start to the next altseason. So far, this highly bullish altseason is set to begin in Q1 of 2025 which will likely begin after ETH sets a new ATH and therefore triggering the peak of the altcoin pump phase.
20x Price Pump for TEL?
One altcoin showing strong bullish potential in Telcoin (TEL). As we can see from the post above, the analyst goes on to state that TEL has continued to deliver major strength here and with a major breakout holding prices can be far from done displaying strength with $0.041935 still in play as a target. Thus, the analyst believes a near 20x pump will push TEL price by over 1,800% this bulls cycle.
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