- Bitcoin indicates new ATHs in the coming weeks spurring high altseason expectations.
- Pioneer altcoin and memecoin ETH and DOGE prepare for major surge soon.
- Analyst expects Stellar (XLM) to hit $3.5 ATH this bull cycle.
Bitcoin’s price remains steady in the $91,000 price range as market analysts anticipate a major breakthrough for the pioneer cryptocurrency. This potential surge could propel Bitcoin toward a 6-figure ATHs. Thus, the overall market sentiment is highly optimistic, with expectations of significant bullish momentum ahead.
Adding to the bullish expectations is the fact that for the first time in Bitcoin’s history, the cryptocurrency is showing a decline in the amount held on exchanges during a bull market cycle. Analysts suggest that this phenomenon signals an impending supply shock for Bitcoin. If this prediction holds, a supply shock could act as a catalyst for a dramatic price increase.
While projections for Bitcoin’s next ATH range from $100,000 to even more ambitious targets of $220,000 to $320,000 or beyond, predictions for altcoins are growing just as bullish as the impending altseason seems to be on the horizon. According to many popular analysts, several altcoins will go on to set a series of new ATHs just like Bitcoin (BTC).
ETH and DOGE Prepare to Explode
To highlight, the altcoin with the title of the first of its kind, Ethereum (ETH) shows a bullish chart based on historical data and is preparing for a mighty pump ahead. Analysts expect new ATHs for ETH price to arrive soon. Similarly, Dogecoin (DOGE), the pioneer memecoin is also showing major signs of surge that could take DOGE price to $5.
Stella (XLM) Indicates Signal for $3.5 ATH This Cycle
Likewise, another altcoin, Stellar (XLM) is also showing highly bullish signals. According to the analyst in the post above, XLM price could hit a new ATH of $3.5 this bull cycle. The same analyst shares another supporting bullish chart indicator based on historic moves to support the upcoming XLM price surge expectation.
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