Bitcoin just made its highest daily close in history at $120,297.
Analysts shares a bullish price chart highlighting Bitcoin and altcoin pumps ahead.
The crypto market is expected to break more records in the days ahead.
Bitcoin is setting all new records this bull cycle, adding to the bullish expectations of what is to come next. Most recently, Bitcoin just made its highest daily close in history at $120,297, and analysts expect more exclusive BTC record-breaking moves to come ahead. With great momentum in BTC price, ETH and altcoin prices are flaring up as well. Presently, all assets are moving towards setting greater ATH targets soon.
Bitcoin Just Made Its Highest Daily Close in History
The price of the pioneer crypto asset Bitcoin (BTC) just closed its highest daily close in history at $120,297. This record was set just 23 days after Bitcoin closed its highest monthly close yet at the end of Q2. Indeed, Bitcoin’s momentum is greater than ever, despite this bull cycle being a very unusual one so far. The start of this bull cycle was interesting to say the least, when the price of BTC set a new ATH before the Bitcoin Halving event.
https://twitter.com/BTC_Archive/status/1947812301744095260
This led to a grand delay for altseason when BTC pumped throughout the rest of 2024, but most altcoins did not budge. Instead, Bitcoin went into a prolonged correction phase in Q1 of 2025, after which several altcoins, especially ETH, bottomed, allowing altcoins to finally begin to pump towards their previous ATH prices, with ETH at the lead. With ETH close to reclaiming its previous ATH prices, altseason peak is set to arrive soon.
Analysts believe that ATH season has come and expect several new records to be broken in the following days, weeks, and months. Just today, BNB set a new ATH at $804 as many other altcoins like ETH, XRP, and SOL are reaching new and higher ATH prices. Analysts have been watching the charts and believe a significant shift lies ahead, especially with Bitcoin Dominance steadily falling.
Bitcoin and Altcoins Set to Soar
https://twitter.com/CryptoCon_/status/1947724349676421297
As we can see from the post above, this reputed analyst highlights this incoming shift for crypto prices. According to the chart accompanying the post, the analyst shares a detailed chart breaking down the movements of the ongoing crypto bull cycle. To specify, the analyst says that the cycle top phase, which he refers to as phase 4, of the Stochastic RSI phases is about to begin.
He says that the phase is inbound but not yet complets. He also compares this structure to that of the data structure of the 2015 - 2017 cycle. He believes the fact that the patterns are mirroring each other is a very bullish sign and that the crypto market may experience a significantly bullish surge in the coming weeks ahead. He concludes his message with a certainty that Bitcoin and altcoin prices will pick up soon.
