Bitcoin sets its latest ATH at $107,780.58.
Ethereum (ETH) closes a second consecutive bullish week.
Analyst sees mirroring pattern from Jan 2021 altseason indicating major ETH pump ahead.
In a spectacular show of resilience and bullish fervour, the pioneer crypto asset, Bitcoin (BTC) set another new ATH within a day beating its previous ATH at the $106,000 price range and setting a new ATH at $107,780.58. Presently, the price of Bitcoin (BTC) continues to trade at $107,161 showing great support for another possible ATH, perhaps at the $110,000 price range like many analysts are expecting to see.
Bitcoin’s Latest ATH Fuels ETH Pump
While expectations for a new ATH is high, some analysts expect another healthy correction that could take BTC high to another drop to the $90,000 price range. However, most analysts are certain that BTC price continues to pump until it hits a new ATH between the $125,000 and $135,000 price range in the months coming ahead.
Presently, Bitcoin’s bullish action has pushed the Crypto Fear & Greed Index to a score of 87 in the ‘Extreme Greed’ zone. This bullish crypto market momentum has begun to reflect on the high potential of price pumps for altcoins as well. More so due to the fact that altseason has gotten an early start this bull cycle.
Ethereum Prepares for New ATHs
https://twitter.com/CryptoBullet1/status/1868625831075205607
In particular, the pioneer altcoin asset, Ethereum (ETH) seems to be gearing up for its imminent rally. As we can see from the post above, this analyst says ETH has closed its second consecutive weekly candle above the Resistance line. He says this points to the same bullish rally as that of January 2021 and expects steady strength for ETH price.
https://twitter.com/Washigorira/status/1868660957469405543
Similarly, another analyst marks the same bullish consecutive weekly close and says that this major milestone could lead to a successful retest pushing ETH price to new ATHs in the coming days ahead.
The post $107,780.58 Set as Bitcoin’s New ATH, Analysts Notice Second Consecutive Bullish Weekly Close for ETH appeared first on Crypto News Land.
