- Bitcoin shows strength and resilience as the pioneer crypto asset recovers.
- Despite altcoin dominance overtaking BTC dominance, Bitcoin holds the spotlight.
- Analyst sets the next BTC bull target at $113,386 and above.
In a steady show of strength and resilience, Bitcoin price continues to maintain its position at the higher end of the $90,000 price range. Presently, the price of BTC stands at $98,277, which shows that the asset is up by a steady amount compared to the last few days. This bodes well for those analysts that expect higher highs for BTC price.
Bitcoin Recovers at a Steady Pace
To highlight, many analysts have been expecting Bitcoin price to increase exponentially to reach the same target as its previous ATH set at $108,268.45. Since this record was set over two weeks ago, the price of BTC fell drastically to hit the lower $90,000 price range. Ever since analysts have been patiently waiting for the BTC price to recover.
Instead, BTC dominance has continued to fall while altcoin dominance began to take over. This works well for those analysts who predicted the peak of the altseason to arrive in Q1 of 2025. This altseason pump is expected to be led by pioneer altcoin asset Ethereum (ETH), an asset that has yet to set a new ATH this bull cycle.
Next Target for BTC Revealed
While ETH pump expectations grow this Q1, other altcoins like SUI have already set a series of ATHs much like how BTC price did towards the second half of Q4 2024. Meanwhile, expectations for BTC price to pump remain just as bullish. As we can see from the post below, this analyst expects the BTC price to hit $113,386 in the coming days ahead.
In detail, the post says that based on Bitcoin’s history, the price looks to still be in a position where there can still be a significant upside. The analyst expects an increase of over 14% to what he expects the second bull target this cycle at a price of $113,386 and above. He concludes by saying an extension phase will follow bringing forth much greater targets next.
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