- Analysts share expectations of what is next for the crypto market.
- As Bitcoin’s post-halving pump finally begins, the asset eyes greater targets.
- Altcoins are a mere few steps away from realizing major bullish signal.
The price of Bitcoin (BTC) set a new ATH at $89,956.88 before dipping down to the $85,200 price level yesterday. This resulted in a short correction phase for the crypto market which dipped by 3% as a whole . Presently, the market seems to have stabilized at the $87,400 BTC price range leading many analyst to take a closer look at the charts.
Overall, the next move for Bitcoin seems to be quite clear to many seasoned analysts who expected Bitcoin to have an incredibly bullish Q4. This expectations was based on consulting historical data wherein Bitcoin wuld always perform admirably in Q4 of every Bitcoin Halving year. More so, September closing green also adds to the bullish momentum.
Bitcoin Post-Halving Run-Up Begins
This year is a Bitcoin Halving year and so far both September and October closed in bullish green which led to almost 2 weeks of Bitcoin price surging to set continuous new ATHs. After the current short correction phase Bitcoin seems to be signaling another possible pump that could take the value f the pioneer crypto asset to $100,000.
As we can see from the post above, according to this analyst, the Bitcoin post-halving run-up plan seems to have unfolded perfectly. As for what could happen next, the analyst believes a bullish continuation is likely until the end of the year.
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Altcoins Mirror Bullish Sentiment
Adding on, the analyst believes a ranging market and market correction will arrive accordingly. He ends his prediction by saying eventually, a bullish momentum will resume taking Bitcoin (BTC) and the crypto market well into a cycle peak in 2025. Meanwhile, a similar bullish sentiment shines through for altcoins, they are on the verge of a bullish 2W cross in the MACD.
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