• Bitcoin sets new ATH at $89,604.50 as its latest ATH.
  • The pioneer crypto asset rallied from $82,000 in under 24 hours. 
  • Analysts expect a similar rally to occur in the next few days taking BTC to $100,000.

Bitcoin’s makes a monumental rally from its previous ATH in the $81,000 price range to hit a much higher new ATH target at $89,604.50 in under 24 hours. The bullish momentum has pushed the Crypto Fear & Greed Index into the ‘Extreme Greed’ sentiment at a score of 80. As BTC price continues to hold in the $88,000 price range, analysts are certain greater highs are on the horizon. 

BTC Sets New ATH at $89,604.50

To highlight, the expectations for Q4 began with high bullish sentiment. Based on historical data if September closed in green then Q4 was certainly set to reach new ATHs this bull cycle. Moreover, in Bitcoin Halving years prior, Q4 has always been incredibly bullish. So far, September and October have both closed bullishly with the last 10 days setting consecutively higher ATHs for Bitcoin. 

This is certainly a prediction living up to its expectations. Another two factors that add to Bitcoin’s bullish momentum is the sweeping victory of pro-crypto candidate Donal J. Trump in the US Presidential elections. Presently, his victory has pushed the crypto market into a ‘ golden pocket ’ which will likely bring promising trades for traders until Inauguration Day. 

BTC Next Target Set for $100,000

Bitcoin is fully ignoring key resistance zones and resistance levels right here. We only saw a very small correction at 88k not even worth to mention before continue going up, this is an extreme strong sign. With this speed we will reach 100k in the next days..

— Doctor Profit 🇨🇭 (@DrProfitCrypto) November 11, 2024

With BTC having secured an ATH of $89,000, analysts expect the next target set for BTC to break past the $90,000 price range and hit $100,000. According to several analysts BTC will likely claim an ATH between $100,000 to $150,000 by the end of Q4. Silver-tongued analyst, Doctor Profit believes $100,000 is within reach and should arrive in a matter of days. 

Read CRYPTONEWSLAND on google news

GOLD IS DROPPING HARD !

MONEY IS FLOWING INTO BITCOIN. pic.twitter.com/DUEJSCGA3Y

— Ash Crypto (@Ashcryptoreal) November 11, 2024

Meanwhile, another analyst notices that the price of gold is falling hard after an epic rally. Historically, Bitcoin’s rally begins after gold hits its ATH that cycle, and so it seems that now the same cycle has begun. The analyst mentions how gold price is falling as money has begun to flow into Bitcoin (BTC) instead.  

disclaimer read more

Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.