Bitcoin Surge Drives Altcoin Momentum

The recent rise in Bitcoin prices has begun to influence altcoin values positively. Many cryptocurrencies are now focusing on reaching new peaks, with ADA Coin experiencing a 20% increase over the past 24 hours. Such double-digit surges among large market cap assets generate excitement across the altcoin space. What are the latest predictions from experts?

Expert Insights on Bitcoin (BTC)

Bitcoin (BTC) $109,103 has seen a price increase, reaching up to $76,849, with current trading around $76,260, close to its all-time high. Analysts provided evaluations regarding the present situation and future expectations. An analyst using the pseudonym Roman Trading anticipates that the reset on the Stoch RSI and the rising technical indicators on the four-hour chart will help Bitcoin create a higher peak around the $80,000 mark.

Trader XO has charted a path for a rise towards $120,000. Continued closures above $70,000 have created a conducive environment for a gradual increase. The excitement generated by Trump in the markets is also extremely supportive as we move towards six-figure prices.

Another analyst, Moustache, stated, “My next major target for BTC could happen early this month. My target for this month is $82,000, and you should imagine what altcoins will do in that scenario.”

Current Status of Cryptocurrencies

As we approach the weekend, the surge in the total trading volume of cryptocurrencies has halted. With a trading volume of $136 billion, the total market value has jumped to $2.56 trillion. The altcoins that gained the most this week include:

• CRO 48%
• NEIRO 47%
• RAY 44%
• GOAT 36%
• ENA 32%

Bitcoin continues to find buyers around the $76,000 level.