BTC At the time of writing, it is at $68,000 and it is a good day for altcoins. So will there be more? For nearly 250 days, cryptocurrencies have not been giving investors what they want. Since BTC could not reach a convincing ATH level and remained below $ 70,000, altcoins constantly saw new lows. So, is this negative process over?
Expert Analyst’s Crypto Predictions
Everyone is wondering whether BTC’s latest move will open the door to bigger peaks. Cowen shared his predictions for the end of this year and 2025 about 1 hour ago. Before the end of the year, according to analysts BTC dominance It will reach approximately 60 percent by December. Although he cannot share a clear peak target here, we can say that Cowen predicts that the ongoing rise will open the door to a new all-time record.
At the same time, the expectation of an increase to 60 percent for BTCD will not produce good results for altcoins.
“I still think this is the most likely scenario.
BTC dominance peaks at ~60% from September to December 2024 and then declines in 2025. Frankly, I don’t know the *exact* peak. However, I think it is more likely to surpass 60% than not get there, especially with #ALT/#BTC pairs still a long way off the lows of the range.
In both cases, the BTC-dominated uptrend should end by EOY (2nd week of January at the latest). “2025 should bring different market conditions as rate cuts and the potential reintroduction of QE change the game.”
In light of all these predictions, the analyst expects ATH for BTC before the end of the year and mid-January next year. altcoins We can say that we expect an increase for .
Bitcoin and SUI Prediction
If we are to talk about the price target, the prediction of Mister Crypto, who announced his target for BTC by the end of October, is remarkable. Historically, as of the end of October crypto- There will be an increase in currencies, and this possibility is quite strong, as many events that repeat the increase in previous cycles will repeat within a few months.
Mister Crypto, on the other hand, expects the BTC price to reach 80 thousand dollars before the end of October. Latest analyst TraderXO popular altcoin SEI Coin shared the target of $0.65 for. A bounce to this level above $0.5 is expected.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
