Bitcoin sets new ATH at $89,604.50 as its latest ATH.
The pioneer crypto asset rallied from $82,000 in under 24 hours.
Analysts expect a similar rally to occur in the next few days taking BTC to $100,000.
Bitcoin's makes a monumental rally from its previous ATH in the $81,000 price range to hit a much higher new ATH target at $89,604.50 in under 24 hours. The bullish momentum has pushed the Crypto Fear & Greed Index into the ‘Extreme Greed’ sentiment at a score of 80. As BTC price continues to hold in the $88,000 price range, analysts are certain greater highs are on the horizon.
BTC Sets New ATH at $89,604.50
To highlight, the expectations for Q4 began with high bullish sentiment. Based on historical data if September closed in green then Q4 was certainly set to reach new ATHs this bull cycle. Moreover, in Bitcoin Halving years prior, Q4 has always been incredibly bullish. So far, September and October have both closed bullishly with the last 10 days setting consecutively higher ATHs for Bitcoin.
This is certainly a prediction living up to its expectations. Another two factors that add to Bitcoin’s bullish momentum is the sweeping victory of pro-crypto candidate Donal J. Trump in the US Presidential elections. Presently, his victory has pushed the crypto market into a ‘golden pocket’ which will likely bring promising trades for traders until Inauguration Day.
BTC Next Target Set for $100,000
https://twitter.com/DrProfitCrypto/status/1856114700930441424
With BTC having secured an ATH of $89,000, analysts expect the next target set for BTC to break past the $90,000 price range and hit $100,000. According to several analysts BTC will likely claim an ATH between $100,000 to $150,000 by the end of Q4. Silver-tongued analyst, Doctor Profit believes $100,000 is within reach and should arrive in a matter of days.
https://twitter.com/Ashcryptoreal/status/1856121439461482719
Meanwhile, another analyst notices that the price of gold is falling hard after an epic rally. Historically, Bitcoin’s rally begins after gold hits its ATH that cycle, and so it seems that now the same cycle has begun. The analyst mentions how gold price is falling as money has begun to flow into Bitcoin (BTC) instead.
The post Bitcoin Claims $89,604.50 as its Latest ATH Amid Gold Price Fall, BTC Sets Sights on Next Target $100,000 appeared first on Crypto News Land.
