- Bitcoin continues its steady sideways movement before moving to the $100,000 target.
- Analysts watch potential altcoins for massive pump indicators.
- One analyst sets 3 bull targets for Fantom (FTM).
Bitcoin (BTC) has been trading between $95,000 and $92,000 since the pioneer crypto asset slipped into a healthy correction phase leading to slow sideways movement. This correction began just 2 days after Bitcoin (BTC) set its latest ATH at $99,655.50 just a few hundred short of the long-awaited $100,000 ATH target.
Altseason Enter Starting Stages
As traders awaited a 6-digit ATH to arrive for Bitcoin (BTC) only to see a significant price drop, the market sentiment shifted from scores in the 90s at ‘Extreme Greed’ to scores in the 70s and the ‘Greed’ zone. While some traders are inviting FUD sentiment, seasoned traders show no fear and expect $100,000 and higher ATHs to arrive for BTC in the coming days.
In fact, as soon as this healthy correction phase is over, analysts expect BTC to shoot past the $100,000 price mark to set an even greater ATH possibly at $106,000 BTC price. Meanwhile, these bullish expectations have raised the bar for altcoins across the market. So far many altcoins have already begun to pump.
Analyst Sets Three Bull Targets for Fantom (FTM)
For instance, ADA, XLM, XRP, VET, and VTHO have experienced significant gains while assets like DOGE and SHIB show strong signs of greater pumps ahead. One such asset that shows high signs of significant pumps ahead is Fantom (FTM), a popular altcoin that looks to be ready to break past a major resistance line.
https://x.com/CryptoBullet1/status/1861471866122108999
As we can see from the post above, the analyst sets three main targets at $1.62, $2.20, and $2.77 for FTM price. According to CoinMarketCap analytics, FTM is currently sitting at $1.08 with a total market cap of $3,020,856,071.23 and a 24-hour trading volume of $1,348,832,177.61. The altcoin is also up by almost 60% over the past 30 days.
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