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coinpedia 2025-01-16 11:55:07

Altcoin Season Index Surge as Bitcoin Nears $100k Milestone

Altcoin Season Index Surge as Bitcoin Nears $100k Milestone

The post Altcoin Season Index Surge as Bitcoin Nears $100k Milestone appeared first on Coinpedia Fintech News After teasing below $90k earlier this week, Bitcoin (BTC) price has continued to grind higher in the hourly time frame. The flagship coin has consistently closed above the crucial resistance level of about $97.6K to trace about $99.2k on Thursday, January 16, during the mid-London session. As a result, Bitcoin price is now acting on a major psychological resistance range between $100k and $108k, which could yield a fresh bull rally toward a new all-time high. Moreover, Gold price is about to kickstart a fresh bull run, after breaking out a crucial falling logarithmic trend around $2,697. Bitcoin Price Prediction for 2025 According to a report by CryptoQuant , Bitcoin price has yet to reach the cycle top for the 2024/2025 bull market, based on several indicators. Furthermore, Bitcoin price has been morphing into a possible horizontal consolidation after the recent rebound from below $90k to rally above $100k. According to CryptoQuant, Bitcoin’s projected realized cap growth will likely rally to a factor of between 2 to 6. On the upper hand, CryptoQuant expects Bitcoin price to reach a target of about $249k, at a market cap of about $4.969 trillion. In the middle, CryptoQuant highlighted that BTC price could reach $197K in 2025, which would reciprocate to a market cap of about $3.929 trillion. In the lower end, the 2025 Bitcoin price prediction by CryptoQuant believes the flagship coin could hit $145k, which could mean a market cap of about $2.88 trillion. What it Means for the Altcoin Industry Technically I don't know what else to call this except topping signs. Bitcoin dominance massive decline is around the corner which is huge for #ALTSEASON pic.twitter.com/O1g5y5ARap — Mikybull Crypto (@MikybullCrypto) January 16, 2025 The expected parabolic rally for Bitcoin will trigger the much-anticipated altseason in the subsequent months. Moreover, Bitcoin’s dominance has already formed a macro reversal pattern after being trapped in a rising trend in the past year.

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