XRP Chart depicts Channel Leading to Major Breakout as BTC Chart Hints at Parabolic Pump to Over $114,000

• The price of Bitcoin (BTC) continues to hold strong at the $68,000 price level.
• Ripple’s XRP price chart indicated a channel leading to a major breakout formation.
• Bitcoin (BTC) price chart suggests parabolic pump action to $114,000.

Bitcoin’s price is holding steady around $68,000, signaling strength to many respected crypto analysts who remain bullish on its next move. Many expect the leading cryptocurrency to rally towards its previous all-time high (ATH) of $73,700 and go on to set new ATH between $80,00 to $99,000 in a few weeks.

Last week, BTC surged to $73,400 before slipping back to $68,000, where it now shows resilience. Despite this dip, expectations are building for Bitcoin to rebound sharply and set new ATHs. Optimism for a strong Q4 has grown since both October and September closed in bullish green, reinforcing positive sentiment. 

Coupled with historical trends and bullish signals on Bitcoin’s chart, many analysts anticipate BTC reaching a new ATH between $100,000 and $150,000 by the end of 2024. Bitcoin’s projected surge is also fueling hopes for altcoins, with many expecting a robust altseason to kick off in Q1 of 2025.

Bitcoin Rally to Over $114,000?

As we can see from the post above, the sentiment for Bitcoin (BTC) remains strong. The analyst above emphasises how in October 2024, Bitcoin price confirmed another macro bullish breakout and each of the prior breakouts led to more than +80% upside moves. Thus, he expects this turn to lead to a BTC ATH of over $114,000. 

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XRP Price Chart Forms Channel Leading to Breakout

The bullish expectation for Bitcoin extends to a highly bullish expectation for altseason this bull cycle. With many altcoins expected to set new ATHs of their own, analysts are noticing highly bullish indicators in the price charts of various popular altcoins like SHIB, DOGE, and like we see in the chart above, Ripple’s XRP where a channel leading to breakout is emerging.