The Bitcoin rally has been stalled in recent days, and there has been high volatility in the price. However, while expectations of $100,000 in BTC continue strongly, QCP Capital analysts said that it is not a dream for BTC to reach $100,000.
Analysts said they believe Bitcoin will reach $100,000 due to increasing institutional demand along with a positive political and economic environment.
“Despite net outflows in ETFs last Thursday and Friday, BTC is still relatively well supported and institutional adoption remains strong. This is also supported by other macroeconomic factors.
That's why Bitcoin reaching $100,000 is no longer a dream.”
Major Altcoin Season Could Begin Soon!
Analysts have claimed in their latest report that Donald Trump’s return to the presidency and the expected interest rate cuts by the Fed could set the stage for a major altcoin season in the coming months.
Analysts, who expect Bitcoin's rise to $100,000 as a sign of a general “altcoin season” to cause capital to flow into altcoins, stated that Solana recently rose by 17%, leaving both Bitcoin and Ethereum behind.
“Bitcoin’s dominance currently sits at around 60%. It will likely need to be below 58% for alt season to begin.
We expect pro-crypto policies and further interest rate cuts from the Trump administration.
We wouldn't be surprised to see alt season in full swing in the coming months.”
Analysts added that historically, altcoins tend to perform well when major cryptocurrencies stabilize after a rally as investors shift profits to smaller-cap coins.
*This is not investment advice.