Bitcoin has reclaimed the $68,000 price and continues to march upwards.
This is a highly bullish sign for altcoins, especially those that performed well last cycle.
Solana (SOL), one such altcoin, meets bullish expectations by printing bullish signals.
Bitcoin (BTC) continues to hold above $68,000, maintaining steady sideways momentum with periodic upward shifts since March. With Q4’s anticipated bullish trend in play, BTC seems primed for another climb, potentially toward its previous all-time high (ATH) range.
Bitcoin’s Positive Movement Sets the Stage for Altseason
Analysts remain highly optimistic about BTC’s trajectory, projecting it could revisit past ATH levels and reach new price zones. Current targets suggest BTC might rise to between $69,000 and $71,000, in line with projections for the next ATH.
Some analysts are even forecasting BTC’s price to hit between $100,000 and $150,000 by year’s end. Looking to 2025, peak cycle targets range from $220,000 to $550,000, and a strong Q4 could ignite an altseason in Q1 2025.
BTC’s bullish momentum appears to be extending into altcoin markets, with several altcoins showing strong upward movement. Coins like FET, JUP, and SUI are already experiencing price surges, while others, including ADA, SHIB, and XRP, are primed for significant gains, indicating an optimistic outlook for the upcoming altseason.
Solana (SOL) Signals Major Bull Signal
As many altcoins show high pump potential, analysts keep a closer eye on altcoins that have performed exceptionally in previous bull cycles like Solana (SOL). Known as the ETH killer, SOL got a great start to its launch and since the previous cycle has gained a lot more popularity pointing to possible high pumps this cycle.
https://twitter.com/CryptoBullet1/status/1850507887849734310
As we can see from the post above, this analyst believes that Solana (SOL) is preparing for a major pump. According to his analyst, SOL/BTC is gearing up for what the analyst anticipates to be a big breakout. He believes that this final leg up for Solana could send SOL price to bullish new ATHs.
The post SOL/BTC Price Chart Prepares for Big Breakout, Could This be the Final Leg up for Solana This Bull Cycle? appeared first on Crypto News Land.
