Story Highlights
Bitcoin surpasses $52,000, with potential to reach up to $96,000 according to technical analysis.
Ethereum hits $2,800, indicating a bullish trend with a potential breakout above $3,000.
Market sentiment is highly bullish ahead of the Bitcoin Halving, supporting upward trends in major cryptocurrencies.
With a bullish start to the first week of the “Pre-halving rally,” the top few cryptocurrencies are recovering the lost levels of the past. As Bitcoin returns above the $52,000 mark, the sentiments are extremely bullish in the market, and investors anticipate a faster and stronger rally ahead.
Further, with just 62 days left before Bitcoin Halving, 2024 is potentially a year of new all-time highs for Bitcoin. Amidst such improvement in the Bitcoin price and sentiment, the altcoins are not far behind.
Ethereum, the biggest altcoin and the second biggest crypto as per market cap, reaches $2,800. The altcoin saw this price range in May 2022, almost two years back.
