- Pioneer asset Bitcoin continues to set new ATHs on the daily chart.
- Bitcoin set its latest new ATH at $77,252.75 after setting two new consecutive ATHs.
- This fuels the asset’s path to hit $100,000 by the end of Q4.
Bitcoin (BTC) continues its trend of setting new ATHs on the daily. After setting an new ATH at the $75,000 range on the US Presidential election day and a new ATH in the $76,000 range after the Election day, the pioneer crypto asset has set another new ATH once again at $77,252.75 according to CoinMarketCap data.
Bitcoin Sets Another New ATH
This is just as many seasoned analysts predicted, that Bitcoin would go on to enter price discovery phase and set new ATHs on the daily. Presently, the crypto market is in a ‘golden pocket’ zone, this is an area where traders are known to make opportune trades that could pay off in a significant way.
In detail, the ‘golden pocket’ zone takes place between the US Presidential Election Day and the US Presidential Inauguration Day. If this were to be true once again, Bitcoin price will likely continue to pump on the daily and setting new ATHs on its chart until it will reach a Q4 price top of 6-digit figures like $100,000 and greater.
Bitcoin’s Path to $100,000
The expectations for Bitcoin price to continue to set a cycle top price in 2025 is just as bullish alongside an even more bullish altseason in Q1. As we can see from the post above, one silver-tongued analyst, Doctor Profit, highlights how this week’s pump in the stock and crypto market was just pricing in the latest 25bps rate cut.
He goes on to say that more similar rate cuts in the next quarters can be expected and will likely lead to continued price increases in the stock and crypto market. At the same time, he says that money printers will continue to print in record time.
The same reputed analyst goes on to state another reason behind the pump which is that in the last few days, 60,000 BTC were bought by retail investors and 1800 BTC was bought by BlackRock, while only 450 Bitcoin are mined each day. This leaves about two million BTC on exchanges, which points to BTC price reaching $100,000 by the end of the year.
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