CandleFocus

$100,000 per Bitcoin ‘around the corner,' says expert

Author: Content Editor
The wider cryptocurrency market has been experiencing a bull run since November, driven by factors such as institutional adoption, geopolitical tensions, inflationary pressures, and the perception of Donald Trump as a pro-crypto President. Bitcoin (BTC) has been the biggest beneficiary of this trend, with prices rising by 45.53% in the last 30 days and YTD gains reaching 123.86%. However, experts are cautioning investors that a pullback or flash crash may be on the horizon, followed by a period of altseason where smaller cryptocurrencies outperform BTC. Analysts have identified potential buying opportunities at price levels of $85,000 and $79,400. While some experts are optimistic about the future of BTC, others believe that altcoins with real utility present better growth opportunities. Some altcoins, such as Dogecoin, Solana, and Sui, have provided triple-digit returns so far this year. Ultimately, the outcome will depend on factors such as institutional adoption and the perceived advantages of Bitcoin over altcoins.

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