Bitcoin (BTC)
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After an 18-day break, the price of Bitcoin has returned to six-digit levels, bringing positive news for altcoins. While it remains uncertain how the Federal Reserve’s minutes on Wednesday will impact the market in the coming hours, the short-term outlook appears highly positive. What are the predictions of experts for the markets?
Why Are Cryptocurrencies Rising?
BTC has surpassed the crucial level of $102,000, thanks to favorable conditions in the U.S. markets. Moreover, Donald Trump will assume the presidency on January 20, which may eliminate regulatory pressures on cryptocurrencies and lead to a complete reversal of the U.S. administration’s stance. However, we should be realistic about ideas such as BTC reserve, as they are difficult to implement.
Politicians are cautious about taking a negative stance on cryptocurrencies in this election cycle. They are likely to adopt a similar approach in the 2026 midterms, indicating a more favorable attitude towards cryptocurrencies in the Senate and House of Representatives.
Bitcoin’s Next Target
Analyst Jelle stated in today’s assessment that BTC could rise to $120,000 if closing prices stay above $102,000. This would surpass the previous all-time high (ATH) of $108,000. Historical data suggests that we are in a period similar to 2021, making this scenario feasible.
Experts predicting targets for 2024 have set their sights above $90,000. While this may have seemed ridiculous at the time, it would be disappointing if BTC does not reach that level today. Current forecasts place BTC around $200,000, suggesting that prices could rise even higher if a scenario similar to last year’s $90,000 unfolds. Michael Poppe is very optimistic for the first quarter, noting the significant gains historically observed in post-halving years like 2025.
“Historically, 2017 and 2021 were significant years for altcoins. The first quarter of these years saw great positivity for ETH. Is history repeating itself? We anticipate an excellent quarter in altcoin volatility.”
Finally, Crypto Rover shared the above chart, welcoming users to the altcoin bull market.
