- Bitcoin sets new ATH in the $79,000 price range.
- The price of BTC continues to explore its price discovery phase.
- BTC price nears the $80,000 price mark.
Bitcoin’s bullish pump continues to forge ahead and sets another new ATH as it nears $80,000. Most recently, BTC price set a new ATH in its price discovery zone at $78,000 and even more recently at $79,000 beating out the previous three ATHs it set yesterday and earlier this week in the $75,000, $76,000, and $77,000 ranges.
Bitcoin Sets New ATH in Early $79,000 Range
As Bitcoin continues its trend of setting new ATHs on the daily chart, the palpable bullish sentiment for Q4 continues to grow wildly. Presently, the high hopes of Bitcoin (BTC) hitting new quarterly high of $100,000 to $150,000 by the end of Q4 holds very strong expectations in the eyes of seasoned crypto analysts and traders.
In detail, this heightened Bitcoin pump sentiment is highly connected to the victory of pro-crypto candidate Donald J. Trump in the US Presidential Elections. Thus, as many seasoned analysts predicted, the Bitcoin of Bitcoin is setting new ATH prices on its daily chart and could very well hit a 6-digit ATH a lot sooner than expected.
Will Golden Pocket Realize $80,000 BTC Price?
While a Harris victory would have resulted in a similar but delayed uptrend, Trump’s victory has hastened the inevitable crypto and Bitcoin pump. Meanwhile, another bullish factor adding to the positive crypto market sentiment is the fact that the crypto market is in a ‘golden pocket’ zone, this is an area where traders are known to make opportune trades that could pay off in a significant way.
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To highlight, the ‘golden pocket’ zone takes place between the US Presidential Election Day and the US Presidential Inauguration Day. Therefore, if history repeats itself once again, the price of Bitcoin will continue to set new ATHs at an accelerated pace. This also fuels altseason sentiment when altcoins will begin to set new ATHs likely in Q1, 2025.
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