- Bitcoin sets new ATH at $99,655 allowing altcoins to pump steadily.
- In the last month ADA pumped by 213% while XRP pumped almost 200%.
- Analyst says next ATH for Bitcoin (BTC) will be between $106,000 and $110,000.
Bitcoin set slightly higher ATH at $99,655 still shy a few hundreds to hitting the $100,000 6-digit ATH goal. Yesterday, the asset set an ATH at $99,502 and within 24-hours it inched closer still to the $100,000 goal. Presently, the price of Bitcoin (BTC) stands at $98,778 as many altcoins rallied behind its latest ATH.
ADA and XRP Pump Alongside Bitcoin’s Latest ATH
To highlight, one of the few popular altcoins that went up in price are Cardano (ADA) and Ripple’s XRP. According to CoinMarketCap analytics, the price of ADA shot up by over 24% in under a day and is up by 213% in the last 30 days. It seems that the many accomplishments of the Cardano network is finally reflecting on the price of its native token.
Similarly, the price of XRP is now at $1.56 which is up by over 12% in the last 24 hours and up by nearly 200% in the last 30 days. Both ADA and XRP are nearing its previous ATH prices of $3.1 and #3.8 respectively. With altseason on the horizon and multiple bullish signs in their price charts analysts are eager to see both assets set new ATHs following Bitcoin’s lead.
Analyst Expects Next Target for BTC Between $106,000and $110,000
With the current bullish pace Bitcoin (BTC) is setting in the crypto market, analysts are certain that the price of BTC will not only hit $100,000, but will likely surpass it soon. In the eyes of one reputed crypto analyst, he says the fact that many short orders are placed in the region of $100,000 region, market makers will tease this area so more orders will be placed.
However, he believes that ultimately, all short orders will be squeezed out and BTC price will pump by a massive and sudden $6,000 to $10,000 to set a new ATH above $100,000. As we can see from the post above, he expects BTC to blow past $100,000 and set an ATH directly between the $106,000 and $110,000 price range.
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