• Bitcoin (BTC) experiences a healthy market correction.

  • This move has also triggered bullish turns from altcoins. 

  • Bitcoin and altcoins are both leaning towards parabolic gains ahead.

Bitcoin (BTC) experiences a healthy market correction according to many seasoned crypto traders who are pleased to see a market correction earlier in the bull run phase of the ongoing crypto bull cycle. With major BTC ATH sights from $220,000 to $550,000, analysts are eager to see market corrections play out before the ATH arrives.

Bitcoin Price Action Boosts Bullish Altcoin Movement

Sights are set next on which target is next for Bitcoin. Expectations for BTC price to set a new ATH first at a level near the $80,000 price is a popular one. Yet, many analysts are hoping to see Bitcoin (BTC) hit a much higher price target. This price target will likely take BTC to above the $100,000 level. 

https://twitter.com/MikybullCrypto/status/1840782098774278514

According to the post above, one analyst shares his highly bullish sentiment for Bitcoin (BTC) as the global M2 just broke its previous ATH. He believes this is a huge sign to trigger a much higher BTC price pump. In fact, the analyst goes on to set the next target area for Bitcoin at $114, 000 and marks this the first log band. 

Altcoins Turn Diabolically Bullish

https://twitter.com/JavonTM1/status/1840780816613298587

Mirroring this very bullish Bitcoin (BTC) sentiment are altcoins. With expectations for a bullish altseason gaining traction amid very green expectations for Q4 of 2024. As we can see from the post above, several altcoins are turning bullish and are showing major strength. 

This, the analyst remarks, is just the beginning of major breakouts and hints at a massive bull pattern loading for altcoins. The analyst ends his post confirming that a massive bullish pump lies ahead for Bitcoin and altcoins.

The post Bitcoin (BTC) Dips in Healthy Correction Resulting in Heavily Bullish Responses From Altcoins appeared first on Crypto News Land.

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