- Analysts mark the beginning of Bitcoin Phase 4 where new ATHs could be set every day.
- As bullish sentiment takes over, the crypto market slips into extreme greed sentiment.
- Traders enter golden pocket zone, a trading zone where risks could be highly rewarded.
The pioneer crypto asset, Bitcoin (BTC), has entered the super cycle phase, setting two ATHs $75,011 and $76,460 in a row. These bullish pumps are highly connected to Trump’s victory in the US Presidential campaign. As a pro-crypto candidate, Trump’s win is expected to have hastened the commencement of the Bitcoin and crypto super cycle.
The Crypto Fear & Greed Index has entered the ‘Extreme Greed’ sentiment with a bullish score of 77. This further fuels analysts’ and seasoned traders’ highly bullish expectations for a Q4 that could see BTC price at $100,000 or even higher. Indeed, sentiments are high as green waves are expected over the next few months as many believe the glory days of 2020 pumps are within reach.
Bitcoin Phase 4 Begins
With high expectations and bullish predictions ahead for Bitcoin (BTC) to continue to pump and set greater ATHs in the months ahead, analysts continue to chart its price and predict what is to come next. To highlight, one silver-tongued analyst believes BTC will likely hit $100,000 by the end of 2024 and marks that the super cycle has begun.
Traders Enter Golden Pocket Period
Matching this prediction, another analyst says that Bitcoin (BTC) has now entered phase 4 of the ongoing crypto bull cycle. As we can see from the post above, the analyst shares a highly detailed chart marking all the pioneer crypto assets phases in the bull cycle so far, the latter bit of the chart suggests a highly bullish pump.
https://x.com/IncomeSharks/status/1854317518867100014
Meanwhile, another analyst adds that traders are presently in the midst of what could very much be the best time to trade crypto assets. This period is between the US Presidential Election Day and the US Presidential Inauguration Day. He concludes by saying that this is the golden pocket we are in and a good time to take risks.
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