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- Bitcoin stands strong between its previous two ATH prices.
- Altcoins gain momentum as Bitcoin prepares for golden pocket surge.
- Pioneer altcoins Ethereum (ETH) breaks out. Bullish pump ahead.
Yesterday, Bitcoin (BTC) hit fresh all-time highs, reaching $76,460 just one day after setting a previous peak of $75,011. Today, the price of Bitcoin (BTC) holds strong between these two previously set ATHs. These record-breaking levels occurred during and immediately after the U.S. presidential election, with many pointing to the victory of pro-crypto candidate Donald Trump as a driving factor behind BTC’s continued rise.
Seasoned members of the global crypto community view Trump’s win as the start of a crypto supercycle, with the potential for BTC to set frequent new highs—a phase reminiscent of the powerful rallies seen in 2020. With expectations for the price of BTC to climb to $100,000 and even $150,000 by the end of Q4, sentiments for higher BTC prices in 2025 continue to gain momentum.
Golden Pocket Periods Could Pump BTC Price Parabolically
Another strong reason for possibly parabolic pumps in the coming weeks is the fact that the market’s current phase—often referred to as the ‘golden pocket’—is expected to bring high-risk, high-reward opportunities as traders navigate between the US Presidential Election Day and the US Presidential Inauguration Day.
Combined with strong technical signals, these indicators support forecasts that BTC may hit six figures by the end of Q4. The bullish wave is also lifting the altcoin market, with multiple altcoins showing highly positive chart signals, suggesting a promising altseason on the horizon for early 2025, potentially driving altcoins to new record highs alongside Bitcoin.
Pioneer Altcoin ETH Breaks Out, Next Pump Leg Begins
$ETH (Ethereum) BREAKS OUT and the next leg of its bull run can be starting here with major movement coming!
— JAVON⚡️MARKS (@JavonTM1) November 8, 2024
A push can lead to $4,080+ and an expansion into the $4,800s which is currently over 60% away! https://t.co/ePxTi269FN pic.twitter.com/529pz8DtYB
Adding to this narrative is the fact that altcoins have already either begun to pump or have started to print bullish indicators on their respective price charts. According to the post above, this analyst highlights Ethereum’s (ETH) price breakout and expects the next leg of its bull run to begin. This will likely lead to major movement ahead where ETH price could surpass $4,080 to hit $4,800 and much higher.