- Bitcoin set a new ATH leading to bullish reactions from altcoin.
- Altcoin Jupiter is one such asset indicating major pumps ahead.
- Reputed analyst set bull targets at $6.65 and $11.65 for JUP.
Bitcoin has experienced a significant surge, pushing its price past its previous ATH at $108,268.45 to set a new ATH at $109,114.88. This milestone was widely anticipated, with many analysts predicting new highs for BTC by late January or early February. However, the U.S. Presidential Inauguration Day appears to have accelerated this timeline.
Trump’s Crypto Ball Leads to New BTC ATH
With Bitcoin on what seems to be an unstoppable upward trajectory, many analysts predict it will achieve several new ATHs, ranging from $113,000 to $250,000, in the months ahead. One prominent analyst has even stated that $140,000 is inevitable, suggesting Bitcoin’s rise will be accompanied by strong performances from promising altcoins.
With the ongoing Q1 following a Bitcoin Halving year, this phase historically marks the height of altseason, and analysts are growing increasingly optimistic about parabolic price movements for numerous altcoins. Many altcoins have already pumped substantially while others have begun to show greater indicators for bullish gains ahead.
Analyst Sets Bullish Targets for JUP
One such altcoin in Jupiter (JUP). As we can see from the post above, this analyst shares a bullish macro chart for JUP price. He highlights how JUP has been accumulating between $0.7 – $1.3 for 280 days now and as it is built on SOL, should be ready to experience a massive rally soon. The analyst sees $1.3 as the key resistance level and sets $2.72 as the intermediate target with macro targets set for $6.65 and $11.65.
