Bitcoin

A crypto analyst has predicted that <a href="https://bitcoinist.com/bitcoin-price-past-halving-cycles/" rel="nofollow">Bitcoin (BTC) </a>will surge to $100,000 in a few years. At the same time, he has expressed skepticism about the potential for <a href="https://www.newsbtc.com/news/company/bitcoin-and-altcoins-understanding-both-terms-properly/">altcoins</a> to embark on a similar bullish trajectory to new highs.&nbsp;&nbsp; 
<h2 id="bitcoin-anticipated-to-hit-100-000">Bitcoin Anticipated To Hit $100,000</h2> 
In an X (formerly Twitter) post on June 8, a crypto analyst identified as ‘DonAlt,’ <a href="https://x.com/cryptodonalt/status/1810105903611318684?s=46" rel="nofollow">disclosed</a> that he was more pessimistic on altcoins than Bitcoin, the world’s largest cryptocurrency. DonAlt believes that <a href="https://bitcoinist.com/bitcoin-bullish-pattern-signals-rebound-to-70000/" rel="nofollow">Bitcoin could witness a mega rally</a>, pushing its price to trade at $100,000 in the coming years.&nbsp; 
Considering the <a href="https://bitcoinist.com/spot-bitcoin-etfs-record-inflows/" rel="nofollow">inflows into Spot Bitcoin ETFs </a>and numerous forecasts of an upcoming bull run, a $100,000 price target for Bitcoin seems increasingly plausible. Moreover, numerous market experts, including DonAlt, have maintained an optimistic outlook for Bitcoin, predicting major bull rallies for the cryptocurrency. Specifically, <a href="https://bitcoinist.com/bitcoin-rise-over-200-to-250000/" rel="nofollow">Standard Chartered</a> has projected a price increase to $250,000 and <a href="https://www.newsbtc.com/news/bitcoin/bernstein-bitcoin-target-200000/">Bernstein analysts</a> anticipate a surge to $200,000 for Bitcoin.&nbsp; 
In contrast, <a href="https://bitcoinist.com/massive-crash-pushes-crypto-values-to-2023-levels-analyst-names-best-altcoins-for-rally-in-july/" rel="nofollow">altcoins have been underperforming</a> significantly, influenced by broader market trends and bearish sentiment. Due to the declining price of these cryptocurrencies, DonAlt has highlighted a possible future where Bitcoin dominates the crypto market while many <a href="https://www.newsbtc.com/news/altcoin-massacre-prices-plummet-40-90-recovery-stalled-analyst/">altcoins trade 90% lower</a> than their current valuations.&nbsp; 
Sharing a similar sentiment, a crypto community member <a href="https://x.com/iamripoff/status/1810115733344661688?s=46" rel="nofollow">disclosed</a> that other than meme coins and a few random altcoins, many cryptocurrencies have failed to outperform Bitcoin in this current market cycle. He revealed that all the altcoins which previously witnessed gains on par with Bitcoin have declined significantly, while BTC has remained slightly <a href="https://bitcoinist.com/bitcoin-price-crashed-58000/" rel="nofollow">below its previous all-time high</a>.&nbsp; 
Furthermore, a few community members have <a href="https://x.com/bayc7100/status/1810145357667676456?s=46" rel="nofollow">questioned</a> whether <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-upside-3110/">Ethereum (ETH)</a> and <a href="https://bitcoinist.com/fresh-data-shows-projected-timeline-for-altcoins-to-hit-1000x-rally-solana-etf-will-have-major-impact/" rel="nofollow">Solana (SOL)</a> were among the altcoins predicted to decline as Bitcoin price increases. This concern arises because, despite slight declines and market volatility, Ethereum and Solana have witnessed massive gains since the beginning of the year.&nbsp; 
Solana, in particular, surged significantly following the launch of a Spot Solana ETF filing, whereas Ethereum has been subtly following <a href="https://bitcoinist.com/bitcoin-price-tragic-june/" rel="nofollow">Bitcoin’s price movements</a>, surging upwards during favorable market conditions and declining severely amidst volatility.&nbsp; 
<h2 id="will-altcoins-follow-bitcoin-s-rise-to-new-highs">Will Altcoins Follow Bitcoin’s Rise To New Highs?</h2> 
A crypto analyst identified as ‘Doctor Profit’ on X released a detailed <a href="https://x.com/drprofitcrypto/status/1810632696302845987?s=46" rel="nofollow">report</a> on altcoins for the third quarter (Q3) of 2024. According to the analyst, altcoins are poised to witness a <a href="https://www.newsbtc.com/press-releases/real-bitcoin-panic-yet-to-come-data-shows-altcoins-with-a-90-chance-to-rally-despite-the-sell-off/">massive pump </a>following the release of the official launch date for <a href="https://www.newsbtc.com/press-releases/ethereum-etfs-could-see-billions-in-first-few-weeks-of-launch-what-this-means-for-eth-altcoins/">Ethereum Spot ETFs</a>. This implies that altcoins could potentially exit bearish trends and align with Bitcoin’s bullish trajectory if it witnesses a price reversal.&nbsp; 
<img loading="lazy" decoding="async" class="size-medium wp-image-629002" src="https://www.newsbtc.com/wp-content/uploads/2024/07/Bitcoin.jpg?w=460&amp;resize=460%2C243" alt="Bitcoin" width="460" height="243" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/Bitcoin.jpg?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/07/Bitcoin.jpg?w=460&amp;resize=460%2C243 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
The crypto analyst believes that the recent decline in altcoins <a href="https://www.newsbtc.com/altcoin/altcoins-in-buy-zone-analytics-firm-reveals/">presents a great buying opportunity</a> for investors. He asserts that the altcoin market’s recent 35% downturn is a healthy correction that potentially signals a surge to new highs as market conditions stabilize.&nbsp; 
Furthermore, the crypto expert has predicted a new valuation target for the <a href="https://www.newsbtc.com/altcoin/crypto-winter-arrives-early-for-altcoin-as-venture-capital-founder-selloffs-mount/">altcoin market</a>, anticipating its market capitalization to exceed $1 trillion by the end of the year. 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/6AVJY6cg/" alt="Bitcoin price chart from Tradingview.com" width="3286" height="1578">

Crypto Analyst Says Bitcoin Could Reach $100,000, But What About Altcoins?

目录

NewsBTC

发布于 2024年7月10日的其他文章

Kraken announces partnership with Atlético de Madrid

Amount of Stolen Crypto Funds Surge to $1.4B in 2024 as CeFi Platforms Bear the Brunt

MoonBag Outpaces Avalanche and Fetch AI by Raising $3.3M and becomes the Top Crypto Presale

BlockDAG 2-Months Ahead of Timeline! X1 App Leads Mobile Mining; Ethereum ETFs & Lido DAO Token P...

Big Rally Coming For Chainlink? Analyst Predicts Double-Digit Surge

Whale Withdraws 16,449 ETH Ahead of Ethereum ETF Approval

订阅我们免费的电子期刊，获取每日最新加密领域动态！