- Bitcoin continues its steady sideways yet bullish momentum.
- Analysts await a new ATH soon which could point to a $270,000 BTC cycle top price.
- Altcoins mirror Bitcoin’s bullish sentiment showing potential for major pumps ahead.
Bitcoin continues its steady sideways movement from the higher $90,000 price mark to the 6-digit $100,000 price range. Analysts expect BTC price to rally to much greater highs in the coming months ahead. Many expect $110,000 to $150,000 price range for BTC by the end of Q4 and reach the $220,000 range in 2025.
$270,000 Bull Cycle Top Target for BTC
As for the cycle top prediction, one analyst expects the price of BTC to hit a cycle top price of $270,000 this bull cycle. As we can see from the post above, the analyst says this may be an ambitious scenario for BTC this bull cycle. Inspired by Elliott Wave Theory, the $270,000 ATH target for this bull cycle may be equally likely and unlikely in the eyes of this analyst.
Presently, the sentiment in the greater crypto community remains steadily bullish despite the slow sideways movement of BTC price. This is in no small part thanks to the epic rally presented by popular altcoins. To highlight, many altcoins pumped significantly over the past few week with XRP hitting an almost 500% surge.
Bitcoin Fuels Altcoin Action
Meanwhile, altcoins like SUI and ONDO hit new ATHs. Therefore, the Crypto Bitcoin and Greed Index points to a score of 78 signifying ‘Extreme Greed’ market sentiment. As traders and investors await BTC price to shoot up after its current sideways movement comes to an end. Several altcoin show promising signs of surge in the days ahead.
