- Bitcoin retaking $100,000 has restored greater bullish market sentiment.
- Ethereum shows highly bullish signals for major pump action.
- Analyst sets the next ETH ATH target of $8,000 ahead.
Bitcoin retaking the $100,000 price target earlier today has bolstered market sentiment and improved the possibility of Bitcoin hitting much higher targets this New Year. One of the latest predictions for Bitcoin is Robert Kiyosaki’s expectation to see BTC hit new ATHs the top of which could be $250,000.
Bitcoin $100,000 Recovery Boost Sentiment
No doubt, analysts were certain BTC price would not only recover but would go on to set new ATH this year. However, the timeline was yet to be determined. Some analysts expected BTC to continue its sideways movement for the rest of this month only to see a breakout by the end of January or the start of February.
Now with Bitcoin seeming to have headed into its bullish recovery phase in the second half of the month, analysts are keeping an eye on altcoins as well. More so because Q1 of 2025 is expected to see the peak of the altseason and many analysts expect this bullish upturn to be led by the pioneer altcoin asset, Ethereum (ETH).
$8,000 ATH Incoming for Ethereum
As we can see from the post above, Ethereum, based on its 2023 Synchronicities, is still moving similarly. Presently, the analyst notices, that the price of ETH seems to be in the beginning stages of what could be charted as an incredibly bullish state. In conclusion, the analyst believes that ETH is set to push to new ATHs that could go to over $8,000.
