- Bitcoin’s post-halving momentum has driven continuous highs, stabilizing at $87,400 with an anticipated climb to $100,000.
- Crypto market analysts foresee bullish continuation through 2024, with altcoins nearing key indicators for growth.
- Bitcoin’s strong Q4 track record after halving years bolsters forecasts of a market rally extending into 2025.
Bitcoin recently set a new all-time high, reaching $90,956.88 before experiencing a slight market correction, dipping to $85,200. This minor pullback led the broader crypto market to decline by around 3%. As the market stabilizes, Bitcoin has settled near $90,400, catching the attention of analysts who expect further bullish movement.
Many seasoned market watchers anticipate that Bitcoin’s momentum will continue, driven by strong seasonal trends in Q4 of halving years. Historically, Bitcoin has delivered impressive gains in the final quarter of each Bitcoin halving cycle, reinforcing optimism for a sustained upward trajectory in the months ahead.
Post-Halving Bullish Run Gains Traction
Bitcoin’s rally is notably supported by its performance in the halving year. Both September and October concluded on positive notes, with strong green candles in the charts, propelling Bitcoin’s price upward. This trend has fueled expectations for Bitcoin to reach $100,000, especially given the asset’s post-halving historical patterns and favorable market conditions.
Analysts have highlighted the asset’s recent resilience and upward momentum as signals of a potentially strong finish to 2024. As the pioneer crypto asset continues to trend upward, they believe Bitcoin’s post-halving run has just begun, suggesting a steady march toward new milestones.
The bullish outlook is not limited to Bitcoin alone. Altcoins are approaching significant technical indicators that could lead to substantial price movements. According to analysts, altcoins are nearing a crucial bullish two-week moving average convergence divergence (MACD) cross, a key technical signal that often indicates upward momentum in the market.
This alignment of bullish indicators for altcoins adds to the overall positive sentiment across the crypto sector. Market experts are increasingly confident that altcoins may soon experience notable growth, potentially driving gains across the crypto landscape.
`Long-Term Expectations and Potential Market Cycles
Looking ahead, analysts remain optimistic about Bitcoin’s and the broader crypto market’s long-term trajectory. While a period of market correction or consolidation may occur along the way, Bitcoin and altcoins are expected to continue their upward trend, with many analysts pointing to 2025 as a potential market cycle peak.
As the crypto market proceeds through this latest post-halving phase, analysts suggest that the coming months may offer significant opportunities. Besides Bitcoin, altcoins are likely to experience enhanced buying pressure, providing further indications of a robust cycle for digital assets.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
