- Bitcoin and Ripple’s XRP experience bullish surges.
- Despite the pump analysts advocate to hold expecting greater returns in the future.
- The crypto market sees highest greed sentiment so far in this cycle.
Bitcoin’s latest ATH was set at $99,502.92 earlier today taking the pioneer crypto asset the closest its ever been to the highly-anticipated 6-digit ATH of $100,000. Many analysts expect this 6-digit target to be realized soon as Bitcoin just set its seventh core ATH target in under 25 days in the ongoing bull cycle.
With greater sentiment in the crypto market as the Crypto Fear & Greed Index sets a score of 94 today setting an incredibly high ‘Extreme Greed’ sentiment, expectations for a bullish Q4 finish with 6-digit ATH at the end of 2024 are higher than ever. Presently, financial experts are pleased to see BTC hit a price high that should have been met in 2021.
This is a popular opinion highlighting the delay in Bitcoin spot ETFs which should have been approved in 2021 if the SEC hadn’t interfered. Now with no more SEC involvement, it looks like Bitcoin is finally setting sights on much higher highs this bull run. With pro-crypto candidate Donald Trump taking the lead in the USA new highs are inevitable for both Bitcoin and altcoins.
Analyst Baffled at Traders Taking BTC Profits
As Bitcoin sets its latest ATH, many traders are debating taking profits to which one analyst, as seen in the post above, is baffled. The analyst is a reputed crypto trader who made many accurate predictions for BTC price during this bull cycle. He now expects Microsoft to buy Bitcoin (BTC) further propelling its price.
Analyst Advocates Holding for Greater Returns
He expects new highs for BTC soon and says he will continue to hold for a longer period. As mentioned above the SEC’s interference in 2021 caused BTC’s stunted growth that year. This could likely be the same case for XRP price that was caught in the SEC fire. As seen in the post above new highs of $10 and $27 may be a high possibility for XRP this bull run.
The post Bitcoin and XRP Gains Have Just Begun, Analysts Advocate Holding Despite Gains for Greater Returns appeared first on Crypto News Land.