A new year opens new opportunities for investors and traders in the crypto market. While Bitcoin dominance continues to fall as Bitcoin struggles to maintain its sideways movement in the mid $90,000 price range, altcoins are steadily gaining dominance giving several altcoins the opportunity to surge bullishly in the coming weeks ahead.
Bitcoin Shows Resilience Despite Falling Dominance
While some analysts expect BTC price to slip further, perhaps to the $85,000 price range, others expect a much faster recovery. Despite the varied expectations, both parties expect Bitcoin to eventually surpass its previous ATH at the $108,000 price range and continue bullishly upward to hit targets like $110,000 to $220,000 in the coming weeks.
Meanwhile, expectations for a bullish altseason to occur in Q1 of 2025 is just as strong. To highlight, analysts expect the pioneer altcoin Ethereum (ETH) to lead the expected altseason this bull cycle. Once ATH sets its ATH, many altcoins are expected to follow through. However, analysts are still keeping a close eye on Bitcoin as well.
BTC Price Aims at $113,000 Target
As we can see from the post above, Bitcoin (BTC) seems to be on a bullish trajectory to hit a much higher target. The post talks about BTC price finally breaking out of a bullish falling wedge pattern which could propel BTC price to $113,386. Thus, the analyst expects a major uptrend supported by a wave of strength for the pioneer crypto asset.
The post Path to $113,386 BTC ATH Target Unfolds as Bitcoin Breaks Out of Falling Wedge Pattern appeared first on Crypto News Land.
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