- Bitcoin reclaims 6-digit ATH and inspires altcoin bull activity.
- Analyst recognizes Filecoin to be one of the most bullish altcoins this altseason.
- FIL price could pump 2,700% to pump from $6 to $190.
Bitcoin (BTC) reclaimed its six-figure milestone, surging past $100,000 after over a 3% rally. This move came following a healthy correction phase that led to a BTC price drop to $97,000. Analysts predict BTC will likely trade within a range of $90,000 to $110,000 in the near term, paving the way for potential dips and record-breaking highs in the days ahead.
Bitcoin’s Recovery Revives Altcoin Bull Pumps
The current sideways trading pattern is expected to be short-lived, with Bitcoin poised to set a new all-time high (ATH) between $125,000 and $135,000. A reputed crypto analyst known for his accurate BTC price predictions says that the $125,000 milestone could be hit by January or February 2025.
Altcoins are already showing impressive momentum, with assets like SUI and ONDO reaching new ATHs, while others such as XRP and ADA continue to post steady gains. Meanwhile, many other popular altcoins are exhibiting strong bullish signals, indicating significant price surges as the altseason gains traction.
2,700% Price Pump Awaits Filecoin (FIL)
Analysts suggest the altseason, which may have started earlier than expected, could deliver some of the cycle’s most explosive gains in the coming months. One such asset showing strong bullish signs is Filecoin (FIL). As we can see from the post above, this analyst believes FIL is working towards a bullish price target of $190.95.
To hit this target, FIL price will have to pump over 2,700% from its current price at $6.98 based on CoinMarketCap data. The asset sports a total market cap of $4,266,279,913.36 and a 24-hour trading volume of $624,070,371.77. Indeed, if FIL fulfills this prediction, it will undoubtedly be one of the most bullish altcoins this bull season.
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