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- Bitcoin reclaims the $68,000 price target fueling bullish Q4 expectations.
- Analysts believe what’s next for Bitcoin is to reclaim its previous ATH in the $70,000 range.
- Next ATH target for Bitcoin (BTC) is set between $90,000 and $96,000.
Bitcoin's price is over the $68,000 price mark and is holding strong. If the pioneer crypto asset were to complete this week in a bullish close this would mean a crucial breakout of a 7-month-long resistance level. Having broken through this level, Bitcoin will then set its target on breaking past its previous ATH to set new higher ATHs.
Bitcoin Nears Previous ATH Target Range
With the expectation of Bitcoin (BTC) heading into price discovery phase once again, the sentiment for a bullish Q4 where BTC price has the potential of hitting $100,000 by the end of Q4 gains positive sentiment. Currently, the expectations for Bitcoin’s ATH this season going as high as $220,000 to $550,000.
With Bitcoin having just reclaimed the $68,000 target and inching closer to the $70,000 mark, analysts across the world are keeping a close eye on Bitcoin as well as several altcoins that are already showing bullish patterns on their price charts signaling a golden expectation for a highly bullish altseason in Q1.
New ATH Targets Set for BTC at $90,000 Range
Many analysts are all but certain that Bitcoin is set to explode over the coming weeks and months. The post above marks how one analyst says that BTC is primed for a move that could surprice many and bring retail investors back in. Meanwhile, the post below breaks down Bitcoin’s next moves.
According to this analyst, Bitcoin (BTC) is now broken out of the displayed 'descending broadening wedge' pattern and statistics from this type of pattern state that in 81% of cases, the pattern's price objective is reached when the resisting line is broken. He then goes on to set the next target for BTC price at $90,000 to $96,000.
The post $90,000 to $96,000 Set as Next Bitcoin ATH Price Target, Will This Price Arrive Before Q4 Ends? appeared first on Crypto News Land.