Bitcoin’s Next ATH Target: Analyst Shares Bullish Indicator Hinting at Greater Highs
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$113,386 Set as Next ATH BTC Target, Analyst Shares Prominent Bitcoin Bullish Indicator Hinting at Greater Highs
The cryptocurrency market is still reeling from the unexpected surge in 2024, and it appears that the trend may continue into the new year. A recent prediction has emerged suggesting that Bitcoin (BTC) will reach a staggering $113,386 as its next All-Time High (ATH).
According to some analysts, this ATH price could be reached due to several prominent bullish indicators on the BTC price chart. The current strength of Bitcoin and its ongoing bull run have led many experts to speculate about the potential for even greater highs.
In an astonishing tweet shared by Javon Marks, a renowned analyst in the crypto space, it seems that this prediction is gaining traction among industry insiders. According to Marks’ statement, “Bitcoin is maintaining strength since its recent breakout and its near future is looking bright and MAJORLY GREEN!”.
Mark’s bold claim comes after Bitcoin has already reached an impressive $97,000 market value, further solidifying the notion that even higher prices are a distinct possibility. The current “Greed” sentiment in the crypto market, as measured by 73%, highlights the growing optimism surrounding the asset’s potential for continued growth.
This prediction aligns with recent observations on Bitcoin’s price chart, which have shown a persistent upward trajectory over the past few months. Such explosive indicators would suggest that even greater highs are within reach.
For those who missed it, Fidelity’s massive inflow of $356.95M into Bitcoin ETFs has further fueled speculation about this potential ATH target.
Source: cryptonewsland.com
