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COINTURK NEWS > Technical Analysis > Bitcoin Price Hits New Milestone as Altcoins Gain Attention
Technical Analysis

Bitcoin Price Hits New Milestone as Altcoins Gain Attention

In Brief

  • Bitcoin has reached a new historic price milestone.

  • Altcoins like VET and JUP show promising forecasts for 2025.

  • Analysts predict significant potential growth for altcoins in the upcoming cycles.

Fatih Uçar
Fatih Uçar 5 months ago
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Bitcoin (BTC) $103,168 price has entered a significant historical phase, achieving six-digit figures for the first time. This milestone indicates steady progress towards its cyclical targets. The support shared by Trump during the writing of this article serves as confirmation that this trend will continue. However, attention is now shifting toward altcoins.

Contents
VET and JUP Price Predictions for 2025MACD Intersection and Bitcoin

VET and JUP Price Predictions for 2025

BTC is expected to approach its historical peak, and profit-taking is likely to begin as this occurs. As liquidity grows from these profit sales and starts to flow into altcoins, those with significantly lower market capitalizations compared to BTC will start to rise. Those who have experienced previous cycles are eager for returns as high as 100 times their investments.

While there are no guarantees that this cycle will mirror past ones, experiencing even the previous peaks could yield satisfactory gains.

Michael Poppe highlights VET Coin at this juncture. Recent gains in older altcoins show promise, and VET may exceed expectations.

“Here we go, $VET has reached its highest level of the year.

VeChain is evolving as a cornerstone of the entire ecosystem and will reward sustainable actions. As one of the coins I started with in 2017, I love VeChain. Witnessing the ecosystem’s progress and expansion excites me. Importantly, it addresses real-world problems with no barriers to entry, meaning anyone can use it. Let’s see how far it goes by 2025!”

If the price can surpass $0.10, it may reach its peak around $0.30.

An analyst named Yoddha anticipates that JUP Coin will soon exceed $2. If things progress positively, this popular altcoin on the Solana $170 network could reach new heights by early 2025.

MACD Intersection and Bitcoin

Jelle and some analysts previously indicated that the MACD intersection signaled the recent rise. The macro situation is intense, and while short-term views may fluctuate, some long-term signals can yield clear results. The graph below illustrates how significant rallies were anticipated by previous signals this year.

BTC was hovering around $103,235 at the time of writing. Considering last year’s price, which struggled to surpass $20,000 around this time, today’s chart appears impressive.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
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 conduct their own research.

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Fatih Uçar 5 December, 2024 - 4:44 pm 5 December, 2024 - 4:44 pm
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