Bitcoin shows bullish recovery signals.
Analyst expects BTC price to reclaim $100,000 first before moving to bigger targets.
Silver-tongued analyst predicts $120,000 ATH next for BTC.
Bitcoin price reclaims the $98,000 once again. However, this time, the asset triggers a heightened sentiment as the Crypto Fear & Greed Index shifts from a ‘Greed’ to ‘Extreme Greed’ sentiment with a score of 76. This bodes well for the pioneer crypto asset and the greater crypto market as new ATHs are expected for both BTC and altcoins this New Year.
Bitcoin Hints at $100,000 Recovery Target
In detail, analysts expect BTC price to hit new ATH ranging from $113,000 to $116,000 in the short term and much higher targets like $235,000 in the long term this bull cycle. Meanwhile, Q1 of 2025 is expected to welcome the peak of the altseason meaning many popular altcoins are also set to hit new ATHs in the coming months.
https://twitter.com/Washigorira/status/1875939999184802272
Presently, all eyes are on Bitcoin as the pioneer crypto asset still seems to be holding the lead with its BTC Dominance score of 55.8%. As we can see from the posy above, Bitcoin’s bullish momentum could just as well propel the price of BTC to $100,000 very soon. The analyst in the post highlights how the daily MACD turned bullish hinting at a major upside pump soon for Bitcoin.
Analyst Predicts $120,000 BTC ATH in a ‘Big Move’
https://twitter.com/DrProfitCrypto/status/1875920711308792019
Adding to the growing bullish expectations for BTC. One reputed crypto analyst, Doctor Profit, known for his silver-tongued predictions, reminds traders of his latest accurate prediction. During the start of the Bitcoin correction phase, he called for a bottom between $90,000 and $92,000. After this, he predicted a BTC ATH target of $120,000 following a big move. Could this prediction be playing out at the moment?
The post $120,000 BTC ATH Target Gains Traction as Analyst Highlights a ‘Big Move’ in the Bitcoin Price Chart appeared first on Crypto News Land.
