- Altcoins rally behind Bitcoin’s latest pump.
- Analyst expects XLM to be one of the most bullish altcoins this cycle.
- XLM could hit two pump targets of $0.68 and $1.29 very soon.
Bitcoin once again demonstrates its resilience and strength as the leading cryptocurrency regains the $97,000 level. Despite ongoing price fluctuations, BTC’s latest rally has sparked a wave of optimism across the crypto market. This resurgence has driven the Crypto Fear & Greed Index to 70, signaling a stronger ‘Greed’ sentiment.
Bitcoin’s Billish Show Propels Altcoin Prospects
The bullish momentum has reignited hopes for Bitcoin to reach new ATHs in the New Year. While analysts are certain BTC will climb high again, the timeline is still up for debate. However, analysts anticipate BTC will first reclaim its previous peak of $108,268.45 before climbing to even greater heights, with targets ranging from $115,000 to $235,000.
XLM Could be the Next Altcoin to Surge
This optimism extends to altcoins as well. Historical trends reveal that Q1 following a Bitcoin Halving year often marks the apex of altseason. With this pattern repeating, analysts are increasingly confident in the potential of various altcoins to experience parabolic gains in the coming months. One such altcoin is Stellar’s XLM.
As we can see from the post above, XLM price is starting to return with signs of major strength and signaling an even greater performance. This analyst sets the breakout target at $0.681 for XLM and expects another pump of over 54% for a massive break which could lead to another pump target of $1.291819 for XLM.
