Bitcoin continues to build bullish momentum, reaching a new all-time high (ATH) of $81,858, signaling a strong start to the week. Analysts predict that BTC may soon surpass the $88,000 mark after recently breaking above $80,000. Expectations for Bitcoin’s ATH to reach between $100,000 and $158,000 by the end of Q4 are also fueling hopes for an upcoming “altseason” – a period of significant altcoin growth.
Bitcoin’s New ATH Boosts Altcoin Performance
The current market sentiment remains in the "Extreme Greed" zone with a score of 76. In less than ten days, Bitcoin has set several new ATHs ranging from $75,000 to $81,000. As BTC continues its ascent, setting higher price targets, this phase is reminiscent of the golden days of cryptocurrency in 2021 for experienced traders.
Bullish sentiment is further supported by the election victory of Donald J. Trump as the new U.S. president, who has shown a positive stance toward cryptocurrencies. Expectations that BTC could hit six-figure ATHs by the end of Q4 have increased further since his election, with crypto traders anticipating substantial gains during this favorable period.
Following bullish moves in September and October, sentiment for another BTC ATH and a potential start to altseason is now stronger than ever. Several altcoins are displaying strong bullish signals on their price charts, indicating the potential for new ATHs in the coming months.
FLOKI Demonstrates Strong Momentum
One of these tokens is the popular altcoin and former memecoin Floki Inu (FLOKI). As recent market developments show, FLOKI is now exhibiting considerable strength following a bullish pattern and a minor breakout, which may trigger another wave of growth. An analyst estimates that the market could see a 47% return above the $0.0002761498 mark, and if another breakout occurs, the price could surge by up to 93%.
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