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COINTURK NEWS > Cryptocurrency News > Bitcoin Hits the Remarkable $107k, Predicts Massive Altcoin Surge
Cryptocurrency News

Bitcoin Hits the Remarkable $107k, Predicts Massive Altcoin Surge

In Brief

  • Bitcoin surpasses $107,000, fueling excitement for altcoin growth.

  • Tariff resolution removed pressure, facilitating BTC's upward momentum.

  • Analysts note diminishing recession risks and potential altcoin declines.

Fatih Uçar
Fatih Uçar 4 weeks ago
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As the king of cryptocurrency climbs above $107,000, excitement surges for altcoin investors. Should BTC surpass its all-time high (ATH) level, it is expected to consolidate at higher levels, sparking a substantial surge in altcoins. Certain altcoins might react more quickly than others. What are the current forecasts from experts?

Contents
Why is Bitcoin Rising?Crypto Forecasts by Analysts

Why is Bitcoin Rising?

BTC’s price has swiftly moved beyond $107,000, fluctuating aggressively between $105,000 and $107,000. Bitcoin’s persistence in this resistance zone fuels optimism for continued growth. The primary reason behind the surge is the resolution of tariff disputes, which eliminated the only remaining pressure on cryptocurrencies.

From Trump’s assumption of office to record highs in ETF entries and trillion-dollar giants unveiling crypto plans, numerous developments have unfolded in recent months. However, the impact on price was muted, as tariffs fueled concerns over a global recession in 2025-2026.

With this threat now averted, Bitcoin $104,992 has broken free from its long-standing stagnant momentum, setting its sight on the ATH region at $109,500. An upward shift in ATH within days or hours would come as no surprise.

Crypto Forecasts by Analysts

Many analysis firms highlight how quickly the recession risks have diminished this year. Despite Trump causing market turmoil in April, May kicked off with relief thanks to the Geneva agreement that calmed concerns. Now, recession forecasts by market participants have dropped from over 60% to 40%.

What is in store for altcoins? DaanCrypto shared insights approximately 50 minutes ago.

“The TOTAL chart, Altcoin Market Cap, has started to cool off after the recent uptrend. The key level to maintain is $840 billion. If the price falls below this point, we anticipate a slow summer and potential declines in many altcoins. This has been the case throughout this cycle. Thus, I emphasize again: if your tokens lack a narrative and face poor tokenomics with many unlocks, they are unlikely to perform well unless the market experiences a mega surge.”

Yoddha warns about SOL Coin, indicating a potential rally toward a peak near $650 by 2026.

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 20 May, 2025 - 11:22 pm 20 May, 2025 - 11:22 pm
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