bullish

Bitcoin

Momentum

Higher

<ul class="wp-block-list">
 <li>Bitcoin price gets close to reclaiming its previous ATH target.&nbsp;</li>  
 <li>This bullish momentum unlocks a new key target level for BTC.&nbsp;</li>  
 <li>Bitcoin (BTC) can now set sights on a new ATH target of $127,000.</li> 
</ul>  
<p>The crypto market is buzzing as Bitcoin (BTC) nearly reached its previous all-time high (ATH) of $73,700 earlier today, peaking at $73,400 before pulling back to the $72,300 range. BTC now appears poised for another attempt at a breakout, raising hopes that it could enter a price discovery phase before October ends.</p>  
<h2 class="wp-block-heading" id="h-bullish-sentiment-grows-as-btc-nears-previous-ath">Bullish Sentiment Grows as BTC Nears Previous ATH</h2>  
<p>A bullish October close at a new ATH would set a promising tone for an already anticipated bullish Q4. Should BTC hit new highs this month, it could signal a robust upward trend for the remainder of Q4. Even if a new ATH materializes in November instead, the outlook for a bullish Q4 remains strong.</p>  
<p>Analysts’ top price forecasts for Q4 suggest BTC could reach anywhere from $100,000 to $150,000, with the overall cycle top projected between $220,000 and $550,000. The current trending price target is between $116,000 and $126,000, though many hope BTC will surpass its previous ATH to reach somewhere between <a href="https://cryptonewsland.com/broadening-wedge-points-to-88000/" target="_blank" rel="noopener noreferrer nofollow">$88,000 and $90,000 soon</a>.</p>  
<p>This recent pump towards Bitcoin’s previous ATH has pushed bullish sentiment into the ‘Extreme Greed’ zone. Today, the crypto market has grown extremely greedy according to the <a href="https://alternative.me/crypto/fear-and-greed-index/" target="_blank" rel="noopener noreferrer nofollow">Crypto Fear &amp; Greed Index</a> further fueling the expectation for an incredible pump ahead in terms of the <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">price of Bitcoin (BTC)</a>.</p>  
<h2 class="wp-block-heading" id="h-bullish-momentum-ulocks-new-key-levels-for-btc-price">Bullish Momentum Ulocks New Key Levels for BTC Price</h2>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/Washigorira/status/1851280322123481526
 </div>
</figure>  
<p>As we can see from the post above, Bitcoin’s bullish momentum has been confirmed and BTC has surged back to a key level. WIth this breakout confirmed, the analyst says a new target zone has been unlocked where BTC price can hit $127,000 as a trend top. Additionally, another analyst draws light to a completed <a href="https://cryptonewsland.com/bitcoin-breaks-out-of-a-massive-bull-flag/" target="_blank" rel="noopener noreferrer nofollow">cup and handle bull flag</a> for the reason behind the ongoing breakout.&nbsp;</p> 
<p>The post <a href="https://cryptonewsland.com/bullish-momentum-unlocks-key-target-level-127000/" rel="noopener noreferrer nofollow">Bitcoin Sets Target on Higher ATH Prices as Bullish Momentum Unlocks Key Target Levels, $127,000 Next?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin Sets Target on Higher ATH Prices as Bullish Momentum Unlocks Key Target Levels, $127,000 Next?

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