- Bitcoin sets new bullish $ATH at $75,011 and propels altseason sentiment.
- Popular altcoins gain recognition amid bullish signals on their price charts.
- $TON and Ripple’s $XRP could pump parabolically soon.
Bitcoin ($BTC) claimed a new $ATH in the wake of the ongoing US Presidential elections at $75,011.06. The price of Bitcoin pumped from $68,000 to $75,011 in under a day. This 8.15% pump was all it needed for a new $ATH and market sentiments pointing to a Trump victory indicated the pioneer crypto asset will go on to set even greater ATHs in the coming months.
This view sets a bullish sentiment for what was already expected to be a highly bullish Q4 where Bitcoin would set new $ATH predicted to range from $100,000 to $150,000 by the end of Q4 and cycle top predictions for the pioneer crypto asset ranges from $220,000 to $320,000 and higher. Furthermore, a positive outcome for Bitcoin in Q4 will lead to bullish pumps for altcoins in altseason which will likely occur in Q1 of 2025.
$75,011 New $BTC $ATH Empowers Bullish Altseason Ahead
$TON #Toncoin Macro chart
— CryptoBullet (@CryptoBullet1) November 5, 2024
(chart request)
I like the fact that #$TON is testing prior Resistance for Support now. I think this correction is coming to an end and we’re gonna have Wave 5 very soon 📈
🎯 Target Zone: $12-15 pic.twitter.com/45i3D4oQha
Presently, many altcoins are showing strong bullish indicators for a major pump ahead. For instance, one analyst draws light on Toncoin ($TON). As we can see from the post above, the analyst shares a detailed macro chart for the altcoin $TON and goes on to set what could likely be the cycle top for the altcoin this bull cycle.
With a cycle top expectation between $12 and $15 for $TON, the analyst said that he likes the fact that $TON is testing prior Resistance for Support at the moment. He says that he thinks this correction is coming to an end and the crypto market will see Wave 5 occur very soon. This bodes well for other altcoins as well.
$TON and $XRP Flash Bullish Pump Signals
#$XRP's historical price surges during past US election cycles have shown explosive growth—40,337% in 2017, 566% in 2020.
— STEPH IS CRYPTO (@Steph_iscrypto) November 5, 2024
With another election approaching, could we see history repeat? 👇 pic.twitter.com/7lwMv6w9K0
For instance, the analyst above highlights Ripple’s $XRP’s historical price activity during past election cycles where $XRP experienced explosive growth. Specifically, a 40,337% in 2017, and a 566% in 2020. The $XRP price chart has printed multiple bullish signals so far. Could this ongoing election lead to a similar pump?