- Bitcoin price falls below $100,000 igniting fallen crypto sentiment.
- Analysts expect this to be the last dip before Bitcoin hits a new ATH.
- The same sentiments extend towards the arrival of altseason’s peak.
The price of Bitcoin dipped below $100,000 today taking down with it the score on the Crypto Fear & Greed Index. At a score of 60, the Index reflects the fallen market sentiment although the sentiment still lingers in the ‘Greed’ phase. Despite Bitcoin’s fall below the 6-digit $100,000 price level, seasoned analysts remain highly bullish on the pioneer crypto asset.
Bitcoin Price Sees Another Decline
In fact, the expectation for Bitcoin (BTC) to surge and hit greater highs take the grand expectations for BTC to hit a new ATH in the $120,000 – $125,000 price range. Furthermore, seasoned analysts are certain that the price of BTC will surge to hit much higher targets as the year carries on.
Last Decline Before Next BTC ATH
As we can see from the post above, one reputed and popular analyst expects BTC to have a breakthrough very soon. Many believe this dip will be the last before BTC moves to its next bullish price bracket. The post above highlights how BTC closed January above the blue line of the Power Law Corridor and kicked off February on the other side marking this as a significant shift.
The same bullish sentiment is shining through for altcoins as well. As we can see from the post above, this analyst sees a rising wedge on the BTC Dominance and says that if this wedge is real then the crypto market could be heading into the final dip. If not, parabolic pumps could be in play and the highly anticipated altseason’s peak could arrive.
