- Bitcoin eyes 6-digit prices again as support grows.
- Altcoins prepare to surge from the latest local bottom.
- Both BTC and altcoins are preparing to hit new ATH targets soon.
Expectations for Bitcoin (BTC) to break past the $100,000 barrier and move towards a new ATH target above its previous $109,114.88 grow stronger as analysts share bullish indicators and observations on the BTC price chart. Seasoned analysts often believe gains are made in fear phases and the Crypto Fear & Greed Index marks a present ‘Fear’ state.
Bitcoin Eyes 6-Digit Prices Again
One of the currency expectations for BTC price movement is as depicted by a seasoned trader in the post above. To highlight, the analyst starts by saying that the nearest support zone for BTC is forming around the $91,000 and $95,000 price range, where the 111-day moving average (SMA 111D at $95K) converges with the price at which short-term holders (STH) have realized their profits or losses (STH Realized Price at $91,000).
Adding on, the analyst goes on to say that the key resistance area is at $98,000 and $101,000, where the aggregate exit prices for holders with a holding period of one week to one month ($100,800) and one to three months ($98,200) are located. Responses to the post share their own predictions all leaning towards a 6-digit BTC price soon.
Altcoin Prepare to Surge
Markets look bleak and everyone is calling for the death of altcoins, but could we be in store for a bounce soon?
— Miles Deutscher (@milesdeutscher) February 18, 2025
February has historically marked a local bottom in the OTHERS/BTC ratio at this stage in the 4-year cycle.
What if… 👀 pic.twitter.com/LdmbMgLTHK
Meanwhile, bullish sentiments extend towards an altseason revival as well. Q1 following a Bitcoin Halving year is expected to usher in that cycle’s altseason peak and the same surge is expected now. The analyst in the post above speaks of talk about the death of altcoins but says that a bounce is in store for the altcoin market. February has always been bullish for altcoin and most analysts believe the bottom has formed meaning altcoin pumps soon.
