Bitcoin Surge to $105,000 and $111,600, Analysts Study the Charts to Determine Which ATH Will Arrive First
Bitcoin kicks off the week with a pump to the $64,000 price range. Presently, the pioneer crypto asset hovers between the $63,000 and $64,000 targets.
Despite this bullish action the Crypto Fear & Greed Index is still in the neutral range which many analysts mark as a prime opportunity for traders and investors to accumulate.
Bitcoin Prepares for Major Q4 Gains
Reflecting the positive sentiment and high expectations for a bullish Q4 his Bitcoin Halving year is the Bitcoin chart itself.
To specify, most analysts believe that a parabolic BTC phase is inevitable. With September having closed in a high green signal, analysts are slowly switching to the opinion that Bitcoin’s accumulation phase is coming to a close as sharp upward movement is expected.
Indeed, most analysts expect massive upward movement for Bitcoin (BTC) in the coming months. As we can see from the post above, one analyst expects a crossback above the $67,559 target for BTC price. Having said that, he expects the BTC price to still be looking for prices based on already-confirmed bullish patterns.
Analysts Set 2 ATH Targets for Next BTC Pump
Furthermore, he states that the cross pattern may seem ‘ordinary’ but is far from it as the completion of this cross will likely bring a high of over $111,600 for Bitcoin into play and create room for another pump of over 72% to bring it about.
Similarly, another analyst adds to the bullish narrative for Bitcoin.
According to the post above, this analyst expects to see a surge in Bitcoin (BTC) price to the $105,000 target. He believes that as market returns tend to diminish over time, this target is still a very conservative BTC price prediction for the current cycle, based on Fibonacci circles analysis.
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