- Bitcoin reclaims its 6-digit price mark.
- Altcoins grow more bullish by the day.
- VELO could see an explosive pump of 6,000%.
Bitcoin (BTC) price has recovered its 6-digit price range once again as it continues its steady sideways movement. Presently, the price of BTC stands at $101,822 showcasing the pioneer crypto asset’s pump of over 2% in the last 24 hours. Analysts patiently await Bitcoin’s next pump to much greater highs.
Bitcoin Pumps Sentiment with Latest Price Recovery
The pump has pushed the Crypto Fear & Greed Index to a score of 83 from a score of 76 in a single day maintaining a bullish ‘Extreme Greed’ market sentiment. With greatest expectations fueling the market, analysts expect the price of BTC to rise exponentially in the coming days.
However, the current sideways movement for Bitcoin does open a possibility for greater dips in the $90,000 price range whilst also expecting greater ATHs to the $110,000 target. Despite this sideways pace, one analyst believes the next major ATH for BTC will be at the target of $125,000 which will likely arrive by January – February.
VELO Prepares for Pump Over 6,000%
These high expectations for Bitcoin have also ignited extremely high expectations for altcoins as well. Many analysts believe that altseason has arrived early this bull cycle and one of the most bullish altcoins this season is VELO. As we can see from the post above, the analyst says that VELO is in the midst of a bullish pump.
Furthermore, he notes positive volume for VELO which will likely further support more sustained strength. He expects a large breakout ahead for VELO price which could lead to a pump of over 6,000% and a 60x from the assets current price to a target of $1.6534.
