• Bitcoin price dips slightly after reclaiming the $97,000 price mark. 
• Altcoin show strong bullish indicators following Bitcoin’s short pump. 
• Algorand (ALGO) could see a 60% uptrend after a price breakout.

Bitcoin price experienced a recent bullish pump, most likely propelled by US President’s official Inauguration Day event dubbed the ‘Crypto Ball’. Now, both Trump’s Election Day and Inauguration Day, have caused a bullish effect on the price of BTC and the overall crypto market. In turn, the Crypto Fear & Greed Index stays at a bullish ‘Extreme Greed’ score of 77.

Bitcoin’s Next Targets

According to CoinMarketCap analytics, the price of Bitcoin currently stands at $104,871 showing that the pioneer crypto asset is up by over 2% in the last 24 hours and is only a few short thousands away from its previous ATH of $108,268.45. Now, analysts patiently await for BTC to reclaim this previous ATH target before going on to set much higher highs in the coming weeks. 

As we can see from the post above, sentiments are high for Bitcoin to set a new ATH price and possibly a new string of much higher highs. The analyst in the post above highly encourages a bullish state of sentiment and says the time for fear is dispelled. He highlights how a right-angled ascending broadening wedge is in play on the BTC price chart and expects a major breaking to the upside. 

Altcoin Follow With Bullish Fervor 

Meanwhile, sentiments are the same bullish frequency for the altcoin market as well. As the post above explains, the altcoin-season index shows that altcoins are all currently in the middle of a perfect backtest performance. An inverse head and shoulders pattern has appeared indicating a bullish upturn for altcoins across the board.

The post Bitcoin Indicators Major Upturn and New ATH Targets Ahead, Similar Sentiments Reflect on Altcoin Chart appeared first on Cryptonewsland.

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