- Bitcoin sets a new ATH and sees bullish altcoin reactions.
- Ripple’s XRP sees potential bull flag formation that could breakout into massive new ATHs.
- Analyst sets bull targets of $4 and $10 for XRP.
The price of Bitcoin saw a massive pump that not only took the BTC price to its previous ATH but even higher to set a new ATH of $109,114.88. This was a highly expected event as many analysts expected new ATHs for BTC to arrive by the end of January or the start of February. However, it seems that the US Presidential Inauguration Day has hastened the expectation.
Bitcoin’s New ATH Triggers Bullish Altcoin Action
Now, with BTC on a strong trajectory towards hitting new ATHs, the pioneer crypto asset is slated to hit plenty of new highs between $113,000 to $250,000 in the coming months ahead. One analyst says $140,000 is inevitable and so BTC price will continue to climb alongside bullish and highly potent altcoins.
Similar sentiments have extended to altcoins as well, more so as Q1 following every Bitcoin Halving year has always led to the peak of the altseason. Now, analysts anticipate highly bullish action and parabolic pumps from various popular altcoins. While some altcoins have already pumped tremendously, these altcoins continue to show strong indicators for even greater pumps ahead.
Analyst Foresees $4 or $10 XRP ATH
One such altcoin is Ripple’s XRP, as we can see from the post above, this analyst states that XRP looks to currently be in a bull flag pattern on its 2-hour chart and with confirmed bullish patterns, a positive breakout could be nearing. He concludes that a break could result in a push to a target of over $4 and could even go up to a $10 XRP ATH.
