Bitcoin latest ATH at $93,000 has pushed altcoins into following suit.
Altcoins like PEPE and DOGE have already started to pump.
DOGEprice could set a new ATH between $1-$3, price discovery phase ahead.
Bitcoin’s latest all-time high (ATH) of $93,434.36 sparks anticipation for even higher targets in the coming days. The Crypto Fear & Greed Index, currently at 88, reflects an ‘extreme greed’ sentiment, suggesting strong expectations for the flagship cryptocurrency. Many are looking to Bitcoin reaching a six-figure milestone by the end of Q4.
BTC Aims at Higher Highs
This heightened market sentiment has led analysts to study Bitcoin’s price charts closely, drawing parallels with past cycles. As a result, predictions are emerging that BTC could set new ATHs between $100,000 and $150,000 before Q4 ends. This bullish sentiment is further fueled by pro-crypto candidate, Trump’s US Presidential win.
So far, Bitcoin has been dipping softly before recovering its latest ATH targets. Analysts expect BTC to continue to set new ATHs in the same manner by setting higher highs and higher lows in Bitcoin’s price discovery phase. The sentiment for a flourishing BTC pump in Q4 began long before and BTC continues to deliver.
Overall, the outlook remains optimistic for BTC to break the $100,000 barrier, with altcoins poised to follow suit. Many altcoins are flashing strong bullish indicators, feeding into growing expectations for an upcoming altseason. As more altcoins exhibit positive trends, anticipation for altseason intensifies, suggesting a broader market rally is on the horizon.
DOGE Prepares to Enter Price Discovery Phase
https://twitter.com/MikybullCrypto/status/1856695260178763823
One such altcoin showing bullish signals is the pioneer memecoin Dogecoin (DOGE). As we can see from the post above, this analyst highlights DOGE’s massive parabolic rally and says that the asset is heading into price discovery. He says that in 2020, DOGE broke above the RSI 70 level, and rallied more than 16,000%. Thus, he concludes that a new ATH for DOGE between $1-$3 is high.
The post $1 – $3 DOGE ATH Nears as Pioneer Memecoin Dogecoin Approaches Price Discovery Phase appeared first on Crypto News Land.
