- Bitcoin aims to set a new trend target as it continues its steady upward movement.
- Having reclaimed the $67,000 target, altcoins show strong bullish signals.
- Terra Classic (LUNC) nears breaking point signaling uphill climb soon.
Bitcoin (BTC) continues to maintain a strong position above $67,000, holding steady in a gradual sideways trend with an upward tilt. Since March, BTC’s pattern has shown a steady sideways momentum, shifting upwards periodically. Now, with an eagerly awaited bullish Q4 underway, Bitcoin seems poised for its next ascent.
Bitcoin’s Influence on Altcoin Markets
Analysts remain highly optimistic about BTC’s potential, forecasting a return to its previous all-time high (ATH) and possibly entering a new price discovery range. Top predictions indicate BTC could reach between $100,000 and $150,000 by the close of Q4.
Looking further, many analysts anticipate 2025 as the peak of this bull cycle, with Bitcoin price targets ranging from $220,000 to $550,000. If BTC achieves a new ATH by the end of Q4, Q1 2025 may trigger a major altseason.
Altseason and LUNC Revival
The bullish atmosphere extends to altcoins, with several already showing strong upward momentum or bullish indicators. For example, altcoins like FET, JUP, and SUI are starting to rally, while others, including ADA, SHIB, and XRP, are primed for significant gains, potentially mirroring Bitcoin’s upward trajectory.
Similarly, as the analyst in the post above highlights, Terra Classic (LUNC) looks to be nearing the breaking point of an Ascending Triangle Pattern. This is primarily viewed as a highly bullish pattern for crypto assets. Thus, he expects a breakout to be nearing that could lead to the start of another massive uphill climb for LUNC.
The post LUNC Charts Depicts Strong Bullish Indicators That Could Shoot the Price Into Another Massive Uphill Climb appeared first on Crypto News Land.
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