- Bitcoin price continues to hold strong between its previously set ATHs.
- Bitcoin’s bullish sentiment seeps into altcoin pump sentiment.
- Cardano (ADA) hints at major 1,700% pump towards new ATH of $7.77.
Bitcoin (BTC) remains strong between its recent consecutive all-time highs of $75,011 and $76,460, achieved right at the start and end of the U.S. presidential election. Pro-crypto candidate Donald Trump’s victory has fueled this bullish momentum, with analysts predicting that BTC could climb beyond $100,000 as we move into early 2025.
Seasoned analysts believe Trump’s win may have kickstarted the long-awaited super cycle, sparking enthusiasm reminiscent of Bitcoin’s major rallies in 2020. Furthermore, traders are now operating in the ‘golden pocket’ a highly potential period for trades that exists between the US Presidential Election Day and the US Presidential Inauguration Day.
Bitcoin Sentiment Fuels Altcoin Sentiment
Presently, price predictions for Bitcoin (BTC) to hit new highs by the end of what is expected to be one of the most bullish Q4’s hints at BTC price reaching between $100,000 to $150,000 by the end of Q4. Adding on, an even more bullish prediction for BTC takes the pioneer crypto asset to possibly hitting $220,000 to $320,000 cycle top in 2025.
The Crypto Fear & Greed Index, at a Greed score of 75, reflects the market’s enthusiasm, with optimism spilling over into the altcoin sector. Analysts anticipate that Q1 of 2025 could bring fresh highs for altcoins, as several have already begun flashing bullish signals on their price charts, setting the stage for a promising altseason.
Cardano COuld Hit New ATH of $7.77
One such altcoin that hints at a major pump in the coming altseason is Cardano (ADA). According to the post above, ADA price is now starting to return with major strength and can be entering the next and most bullish phase of its breakout process. The analyst confirms that the first breakout target remains over 531% away at $2.7709 but based on historical data, this run could consist of a pump of over 1,700% to hit an ATH price above $7.77.
The post $7.77 ATH Awaits ADA as Cardano’s Native Asset Hints at Highly Potent 1,700% Pump Towards Bullish New ATH appeared first on Crypto News Land.
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