• Analyst sets $116,650 as the next ATH target for Bitcoin.
  • Bitcoin’s latest rally pumps bullish sentiment for new BTC ATH targets. 
  • This sentiment seeps into bullish expectations for altcoins and altseason as well.

Sentiments are high in the crypto community as Bitcoin (BTC) price recovered the $62,000 pierce range. Analysts expect the pioneer crypto asset to reclaim the $64,000 target next before moving in an upward surge towards new ATH price range. This rally has pushed the crypto market to a slightly more bullish sentiment. 

Bitcoin Continues to Rally, $116,650 ATH Target Set

In detail, the Crypto Fear Greed Index moved from a Fear score of 32 to a Neutral score of 49 within a single day. Analysts have high expectations for Bitcoin to continue its upward trajectory and make significant gains before the crypto market sentiment turns fully into the Greed radar. 

This rally could start with sending the price of BTC to $66,000 before skyrocketing towards the $80,000 price range. Seasoned analyst are hoping to see BTC set massive new ATHs this ongoing crypto bull cycle in the incoming bull run phase. Some are even expecting BTC price to hit $220,000 to $550,000. 

$BTC (Bitcoin)'s still looking set up to reclaim its all time highs ($73,700+), and based on its historical performance of a similar pattern, prices could also be set for a move much higher!

Next Target would be at $116,650+ 🤯 pic.twitter.com/pCXX8v5aAD

— JAVON⚡️MARKS (@JavonTM1) October 11, 2024

According to one analyst, Bitcoin is currently still working to reclaim its previous ATH which was set at $73,700. Based on this historical pattern, the analyst explains in the post above that the price of BTC could rally to a much higher ATH . In fact, in the eyes of this analyst, BTC will set its next big target at over $116,650 .

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Bitcoin’s Rally Pumps Altseason Expectation

#Altcoins

Altcoin Season Index has been forming one of the most bullish patterns for 3.5 years: Inverse Head and Shoulders.

Up only season is near IMO.

The pain we have had to go through in recent years will soon vanish into thin air.

Wish everyone the best this journey.🩵 pic.twitter.com/H4mk5ISpBJ

— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 🧲 (@el_crypto_prof) October 11, 2024

This BTC prediction is a welcome expectation for the crypto community. Furthermore, it also fuels the expectation for a massive altcoin pump. With expectations for altseason to arrive, analysts share their thoughts. As we can see from the post above, one analyst noticed the Altcoin Season Index which has formed a most bullish patterns for 3.5 years, the Inverse Head and Shoulders. He expects fast action soon.

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