The price of Bitcoin briefly reached $97,000 before dipping back to $96,000. However, this pump demonstrated the resilience of Bitcoin and its dominance in the market. It also lifted market confidence as indicated by the Crypto Fear & Greed Index reaching a score of 70. Market experts predict that Bitcoin will surpass its previous all-time high and continue to rise, with price targets ranging from $115,000 to $235,000. Analysts are also optimistic about the potential for explosive growth among altcoins, including Algorand (ALGO), which is predicted to have a potential 60% breakout. Currently, the price of ALGO stands at $0.39, up by almost 10% in the last 24 hours. The analyst suggests that a decisive close outside the $0.39-$0.32 range will determine the direction of an uptrend for ALGO.



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