Bitcoin Price To $150,000, Ethereum At $8,000, And An Altcoin Season? Analyst Reveals When

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto analyst Ash Crypto has revealed when the Bitcoin priceis likely to reach $150,000, while Ethereum rallies to $8,000 and the altcoin season begins in full force. This comes as the crypto market looks to rebound, with BTC attempting a successful break above $112,000.  On Bitcoin Price and Ethereum Rally And Altcoin Season Timeline

In an X post, Ash Crypto declared that the Bitcoin price will rally to $150,000, Ethereum will rally to $8,000, and the altcoin seasonwill happen in the fourth quarter of this year. During that period, he expects altcoins to pump between 10x and 50x. In line with this, he urged market participants to relax and be patient. Related Reading Fair Value Gap Suggests Bitcoin Price Is Going Higher, But Watch Out For This Crash 1 day ago

In another X post, the analyst stated that the Bitcoin price will likely bottom this month. Ash Crypto remarked that he is expecting BTC to form a low between $94,000 and $100,000, making everyone believe that $124,000 was the top. When that happens, he predicts that the flagship crypto will then record a massive breakout in October and reach between $150,000 and $180,000 by December.  Source: Chart from Ash Crypto on X

Crypto analyst Stockmoney also indicated that market participants can expect significant moves from the Bitcoin price and Ethereum in Q4 of this year, while an altcoin season could be on the horizon. In an X post, the analyst stated that BTC is following the same pattern throughout the bull market. 

Based on this, he remarked that impulsive moves happen in the fourth quarter, and this is where most pumps historically occur. Stockmoney noted that these rallies are usually preceded by a longer consolidation period in the form of a falling wedgeor bullish megaphone. His accompanying chart showed that the Bitcoin price could reach as high as $180,000 by year-end.  Altcoin Season May Already Be Starting

Market commentator Milk Road suggested that altcoin season may already be starting, even as the Bitcoin price and Ethereum find their footing. In an X post, Milk Road noted that ETH has outperformed BTC over the last two quarters. ETH is uparound 110% in the second and third quarters, while BTC is up 34% during this period. Related Reading Bitcoin Price To $150,000, Ethereum At $8,000, And An Altcoin Season? Analyst Reveals When 7 hours ago

This represents an over 300% return for Ethereum over the Bitcoin price. In line with this, Milk Road declared that historically, this kind of flipping often marks the start of altcoin season. Blockchain Center datashows that the market is currently closer to altcoin season than Bitcoin season. More altcoins have continued to outperform BTC over the last 90 days. However, 75% of the top 50 coins by market cap still need to outperform BTC for it to be considered officially altcoin season. 

At the time of writing, the Bitcoin price is trading at around $112,000, up in the last 24 hours, according to datafrom CoinMarketCap. BTC trading at $113,029 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com