BTC Breaks $71,000 Target, Sets Sights for Next Bitcoin ATH Targets at $116,000 and $126,000

Bitcoin (BTC) breaks past the $71,000 price mark.
The pioneer crypto asset sets sights for new ATHs amid the bullish Q4.
One analyst sets Bitcoin’s next ATH targets at $116,000 and $126,000.

Bitcoin (BTC) broke through, just as analysts predicted, past $69,000 and $70,000 and is now trading at the $71,000 price range. This is certainly a monumental breakthrough for the pioneer crypto asset and sets bullish intentions for the price of BTC to continue moving upward and break past its previous ATH price.

Bitcoin Breaks Past $71,000 Target

Presently, analysts are sharing even more bullish predictions for BTC price to set as its new ATH by the end of Q4. With September having closed in green and with Q4 being an extremely bullish quarter, especially in a Bitcoin Halving year, the expectations for Q4 this year remain the same, a highly bullish price for BTC will likely occur by the end of this year.

With BTC at $71,000 close to the end of October, the price predictions of BTC setting a new ATH in the $100,000 to $150,000 price range do not seem too far-fetched. Even the prediction for a $550,000 cycle top seems to have reached closer to fruition. At the moment, one analyst sets sights on Bitcoin’s next ATH target.

BTC Price Sets Sights on New ATH Targets

As we can see from the post above, this analyst believes that Bitcoin’s Descending Broadening Wedge bullish breakout along with the Hidden Bullish Divergence seems to be creating high surge opportunities for BTC price. Indeed, Bitcoin has demonstrated multiple bullish metrics and the next ATH target is set at $126,000.

https://x.com/JavonTM1/status/1850906485523374416

Previously, the same analyst set sights on a new BTC ATH at $116,000 and above. While he does expect this target to be hit, the new pump in BTC price seems to have pushed his expectations for Bitcoin (BTC) to hit an even higher target. All in all, sentiments are high for the crypto market in Q4.