Bitcoin (BTC) shows multiple bullish indicators.
Hidden Bullish Divergence pattern points to an ATH target of $116,652.
Will Bitcoin (BTC) set this ATH before Q4 ends?
Bitcoin price took a shart dip to the $67,0000 price level but this did not deter the positive sentiment of the crypto market. Presently, according to the Crypto Fear & Greed Index, the sentiment remains in the Greed zone with a score of 70 fueling the high expectations for Bitcoin (BTC) to set new ATHs soon.
Biggest Bull Run Ever?
According to many reputed crypto analysts the price of Bitcoin (BTC) could very well hit between $100,000 and $150,000 by the end of Q4. As for the rest of the bull run phase, predictions for Bitcoinâs next ATH range from $220,000, $230,000, and $550,000.Â
https://twitter.com/LadyofCrypto1/status/1848412142828999107
All these predictions are extremely bullish top targets and a very good sign for the rest of the crypto market. So bullish are the expectations for Bitcoin ATH price this bull run that some analysts are calling the coming crypto bull run to become what could be the biggest bull run ever.Â
https://twitter.com/JavonTM1/status/1848368063852196348 $116,000 BTC Target in Play
With so many ATH targets in place, one crypt analyst shares his latest insights on the next trend high for the pioneer cryptocurrency. As we can see from the post above, the analyst begins by addressing Bitcoinâs latest dip. In his eyes, Bitcoin is going back to the basics again and a pump of over 72% to the $116,000+ price range is still very much a possibility.Â
Based on BTCâs current price chart setup, this analyst has shared this expectation before. He explains how we see Bitcoin working on a key level at $67,559, after a monumental, more than 333% climb to reach and even break above it before pulling back since March. Now, during this pullback, he says that Bitcoin is exhibiting multiple bullish patterns.
In the Hidden Bullish Divergences, he suggests a healthy return back above this key level and that could open up the $116,652 price level and room to reach it if these patterns are already confirmed. He concludes by saying that a healthy move above $67,559 is looking extremely likely which can set Bitcoin's prices up for an additional +72% move to $116,652.
The post $116,652 BTC Target in Play, Analyst Recognizes Bullish Patterns Indicating Major Pump Potential in the Coming Months appeared first on Crypto News Land.
