Bitcoin (BTC) has set a new all-time high (ATH) of $77,252.75 as it continues on its upward price exploration journey. This marks the third new ATH for Bitcoin this week, signaling a strong bullish momentum in the market. Many analysts believe that this could be the start of a significant price rally, with projections suggesting Bitcoin could reach between $150,000 and $180,000. This latest ATH was recorded by CoinMarketCap and follows previous highs in the $75,000 and $76,000 ranges, signaling consistent upward movement.

Bitcoin's price discovery phase, often referred to as the 'golden pocket,' is critical for traders seeking high-reward opportunities. This phase traditionally occurs between Election Day and Inauguration Day, a time historically associated with increased trading activity and market volatility. As Bitcoin continues its bullish trajectory, expectations are high that it could achieve six-figure ATHs by the end of Q4. Analysts anticipate that if current trends persist, Bitcoin could reach and perhaps exceed the highly optimistic targets of $100,000 or more.

A well-regarded crypto analyst has indicated that Bitcoin's long-term chart patterns are aligning with a bullish outlook. The analyst suggests that the price could rise rapidly and substantially, potentially reaching between $150,000 and $180,000 without much delay. This expectation is buoyed by the election of a pro-crypto president in the United States, which has increased bullish sentiment in the market. Additionally, the positive sentiment extends beyond Bitcoin to altcoins, with numerous bullish indicators identified across various cryptocurrencies. This broad-based optimism suggests that the crypto market might be poised for a strong upward trend.