Bitcoin (BTC) $99,020.7 price After 18 days, it returned to six-digit levels. This is good news for altcoins. It is difficult to predict whether Wednesday’s Fed minutes will put pressure on the market in the coming hours, but the outlook is quite positive in the short term. So, what are the experts’ predictions about the markets?
Why Are Cryptocurrencies Rising?
BTC It has surpassed the key $102,000 zone and US markets are bullish. On the other hand, Trump will take office on January 20. This will remove regulatory pressure on cryptocurrencies and change the US administration’s view of crypto 180 degrees. Let’s be realistic about crazy ideas like BTC reserves, they are hard to come true.
However, in these elections, politicians were reluctant to adopt a stance against cryptocurrencies. Moreover, they will want to do the same thing in the 2026 midterm elections. All this means that the Senate and the House of Representatives will be more compassionate towards cryptocurrencies.
Republicans have majorities in both the Senate and the House of Representatives. this too crypto- It means that we will receive better regulatory news regarding currencies in the coming months. Especially if you imagine an environment where the SEC announced in February that it had stopped crypto lawsuits other than fraud? And of course, the justifications for today’s rise are the sum of all these.
Bitcoin’s Next Target
The analyst nicknamed Jelle said in his assessment today that closings above $102,000 BTC price He wrote that he could push it to 120 thousand dollars. This means moving the $108,000 ATH level even higher. This is not impossible if we remember that historical data says we are in a period similar to 2021.
Experts who announced the target for 2024 were aiming for over 90 thousand dollars. This was ridiculous in those days, but it would be a shame if BTC hit $90,000 today. Estimates for this year are around 200 thousand dollars. This means that if we experience a scenario similar to last year’s 90 thousand, the price may rise even higher. Michael Poppe is extremely hopeful for the first quarter and says that looking at historical data, we see huge gains in the post-halving years (such as 2025, which we are in now).
“Historically, 2017 and 2021 altcoins These were big years for us. The first quarter of these years ETH It’s been super positive for us. Is history repeating itself? “We expect a great quarter in altcoin volatility.”
Finally, Crypto Rover shared the chart above. altcoin He shared a welcome post to his bull.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
