Bitcoin has surpassed 100,000 dollars again! What is the next target?

Crypto News - In December 2024, the cryptocurrency market reached a record valuation. The price of Bitcoin marked the $108,000 ATH with positive gains in the market. Strategic Bitcoin reserve news from the United States triggered this rally, further increasing Bitcoin's dominance over altcoins. However, towards the end of December, the Federal Reserve's announcements regarding Bitcoin and news of a slowdown in interest rate cuts led to a correction in the market. The losses in the price of Bitcoin raised the possibility of a drop to $70,000. Nevertheless, the expectations of an upward trend for Bitcoin remained alive.

As we enter 2025, Bitcoin and the general market have started to recover. Bitcoin is currently fluctuating around $101,800, above $100,000. A surge is expected in the altcoin market during this period. Notably, analyst Poppe believes that altcoins will outperform Bitcoin and Ethereum in 2025. Now, let's take a closer look at this analyst's views.

Is the altseason coming?

The 6-digit numbers we mentioned in yesterday's content were recovered today. Crypto analyst Michael Van de Poppe claimed that we would reach new ATHs with the recovery of the 6-digit levels. In a post he made today, the analyst said that Bitcoin broke the critical level and expected to reach its all-time high in a short time.

The analyst also came up with an attention-grabbing prediction. According to Poppe's market expectations, Ethereum will outperform Bitcoin. He also argues that most altcoins are currently in the accumulation zone and will surpass Ethereum. Historically, the years 2017-2021 were great years for altcoins. The analyst believes that a similar period is on the horizon, and Chainlink is among the altcoins he believes are in the accumulation zone.

In his latest Bitcoin update, Poppe stated that Bitcoin is holding at a great level above $100,000 and emphasized the importance of staying above $98,000. If this holds true, he aims for a new ATH surpassing $110,000 as shown in the chart. In summary, the $100,000 mark remains significant for Bitcoin and the overall market. This level should be closely monitored to predict the next price movement!

The information in the text is for informational purposes only. It does not constitute investment advice. Writer and kriptoparahaber.com are not responsible for your profits or losses resulting from your investments. Ultimately, investment is based on many factors such as knowledge, experience, research, and personal decisions.

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