Bitcoin (BTC) reaching $100,000 marks a pivotal milestone, underscoring its increasing adoption and perceived value.
Analysts are now shifting focus to the next potential resistance levels, eyeing targets of $150,000 and even $200,000.
The market’s measured reaction suggests there may still be room for growth.
Bitcoin’s rising dominance could temporarily divert investment away from altcoins.
However, history suggests that once Bitcoin stabilizes, altcoins often experience a resurgence.
Investors frequently enter Bitcoin at new highs, anticipating sustained upward momentum, which could further propel its price in the short term.
Looking ahead to 2025, long-term forecasts project Bitcoin setting new all-time highs before altcoins regain attention and traction.
Despite these optimistic scenarios, the inherent volatility of the crypto market cannot be overlooked. Investors are advised to remain vigilant and prepared for potential corrections.
Ryan Lee, Chief Analyst at Bitget Research
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