The price of Bitcoin (BTC) $103,279 has decreased to $104,480, with buyers entering at $105,700. Today’s volatility is significant, which is not surprising on such an important day. While Bitcoin traders may be celebrating the new all-time high (ATH), the same cannot be said for altcoin holders. So, what do cryptocurrency experts have to say?
Bitcoin (BTC) Price Target
Crypto Rover recently published a chart indicating that the next target for BTC is $120,000. On Friday, ETFs saw nearly $1 billion in inflows, significantly boosting trading volumes. Investors, eager to capitalize on this volatility, are anxiously awaiting Trump’s announcements.
Since the last bull market, Bitcoin has rebounded from a low of $15,500 to a current price of $109,588, with discussions of a $120,000 target intensifying. Starting the first quarter with a new ATH signals an exciting 2025 ahead.
Altcoin Market Reactions
Trump’s influence on meme coins has led to increased market activity among altcoins. This has resulted in a significant rise in trading volumes. However, this activity has yet to benefit altcoin investors who have been waiting for years. At some point, liquidity needs to flow back into altcoins.
Why are altcoins more appealing than BTC? As BTC approaches new ATH levels, there is a growing belief that altcoins will offer more attractive profit opportunities. At least, that is the optimistic expectation. Jelle’s latest assessment on SOL Coin stated;
“SOL has broken all previous all-time highs and is now turning November’s peak into support. It is regaining the hourly 50ema, and I love the way it is shaping up; let’s go higher!”
Conversely, Daan Crypto Trades cautions investors;
“Today is likely to be very volatile in both directions. Without a clear reading, expect some flare-ups here and there. Focus on what to expect for the first quarter, not just tomorrow. If the market shifts easily, there’s no need to risk everything in one low-timeframe trade. There are plenty of opportunities.”