Bitcoin is on an upward frenzy as it continues to climb rapidly.
BTC sets consecutive highs, shooting from $113,000 to $118,000.
Presently, it is ploughing the latter $117,000 price range.
Bitcoin finally enters the highly anticipated explosive price range rally, and surge after surge is expected for the prince of BTC as Bitcoin sets consecutive highs. The new ATH set at $117,295.28 was set most recently soon after the $113,8000 ATH. After tracking several bullish signs across multiple price charts, the highly-awaited build-ups and breakouts seem to be resulting in one resounding expectation from the crypto community: ‘higher’.
Bitcoin Sets Consecutive ATHs
The price of Bitcoin (BTC) had just set a new ATH yesterday in the $112,000 price range on Binance. This ATH was just a short price above the previous ATH set in the $111,000 price range. With over $192 million liquidated in BTC shorts from this one pump alone, whales began shifting into long positions in BTC trades, meaning a parabolic pump was on the horizon, corresponding with several pump predictions.
https://twitter.com/Washigorira/status/1943398767660503471
This turned out to be the right move, as the next day, BTC went on to set a new ATH in the $113,000 price range. As we can see from the post above, the reputed analyst in the post marks how the breakout of the trendline by the Lagging Span on the BTC price chart was the final confirmation crypto traders needed. He follows this breakout and new ATH with a statement saying that the rally has officially begun.
BTC Price Nears $118,000 ATH
Indeed, he was right. Soon after this ATH was set, the price of Bitcoin (BTC) climbed up at a rapid pace, setting a new ATH at the bullish target of $117,902. According to CoinMarketCap, the price of Bitcoin (BTC) is still climbing up higher and higher and is showing signs of slowing down. This incredible rally is being reflected on the price of ETH as well, as teh pioneer altcoin asset nears the $3,000 target.
https://twitter.com/DrProfitCrypto/status/1943459695257350526
Reputed analysts show no surprise, and are in fact thrilled to see that the real super bull rally phase has finally begun. The reputed silver-tongued analyst, Doctor Profit, had shared this prediction a while ago. As said in the post above, he says that this rally will seem small compared to what is expected next for the price of the pioneer cryptocurrency BTC.
https://twitter.com/CryptoCon_/status/1943419713444594006
He says that what we are seeing right now is a breakout from a 9-month sideways range and that the next range is located between $120,000 and 150,000, meaning a much greater rally lies ahead. Similar predictions are being shared across teh crypto community. The post above shows another expectation for BTC ATHs between $170,000 and $180,000 with the bull top target set at $184,181.
