Bitcoin’s bullish expectations seep into the altcoin market.
Multiple altcoin price charts are printing bullish indicators.
AVAX is altcoin making a significant falling wedge pattern that could take it to $228.
Bitcoin's price is currently fluctuating between $63,000 and $64,000, with traders and analysts eagerly anticipating a breakthrough of the $66,000 resistance level. Once surpassed, many believe BTC could climb toward its previous all-time high (ATH) of $73,000. If this milestone is hit, experts predict Bitcoin will continue setting new records, potentially reaching six-figure levels.
Bitcoin Bullish Expectations Affect Altcoins
The optimism for Bitcoin's upcoming ATH is driven by September's positive close, coupled with historical trends showing a strong Q4 performance during Bitcoin halving years. This has strengthened the narrative of an impending bullish rally. Additionally, the arrival of altseason, a period where altcoins see significant growth, is expected to drive further market momentum.
With these bullish indicators in play, many investors and traders are accumulating Bitcoin in anticipation of the market's upward turn. The altcoin market is also showing strong signs, with several altcoins already displaying bullish patterns on their price charts. This has further fueled confidence in a major surge across the crypto landscape.
AVAX Forms Falling Wedge Pattern
https://twitter.com/CryptoBullet1/status/1845481504400392451
In detail, one analyst throws the spotlight upon the Avalanche (AVAX) price chart. This altcoin seems to be showing major pump potential where the asset can go on to set impressive new all-time highs (ATHs).
To highlight, the analyst says that AVAX has broken out of a multi-month falling wedge pattern thus he expects to see a mighty good rally for the altcoin in the next 3-6 months. To add on, to his bullish expectations, he sets two new ATH top targets for the asset at $130 and $228, if the latter target is met then AVAX will beat its previous ATH of $146.
The post $228 AVAX ATH Potential Comes to Light as Avalanche Indicates Bullish Multi-Month Falling Wedge Pattern appeared first on Crypto News Land.
