| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107317.5500000000 |
| ETH | $2437.0130000000 |
| BNB | $646.7193200000 |
| XRP | $2.1886460000 |
| ADA | $0.5651130000 |
| SOL | $150.7437000000 |
| DOGE | $N/A |
| DOT | $3.3877000000 |
| LTC | $86.9579000000 |
| LINK | $13.3516800000 |
Category: CRYPTO NEWS
The post Here’s Why The Bitcoin Price Could Rally To $130K appeared on BitcoinEthereumNews.com. As the $3.19 trillion crypto market, now down by 0.25%, is struggling to recover from the recent turmoil, the Bitcoin price is regaining momentum. Despite the prevailing bearish trend, market experts foresee a significant bullish reversal, with potential gains of up to 35%. Simultaneously, the decline in Bitcoin’s dominance has fueled expectations of a possible “altcoin season.” As the market navigates this critical juncture, two possible scenarios are unfolding: Bitcoin’s recovery or an altcoin-driven rally. Bitcoin Price Eyes $130K: Is a 35% Surge Imminent? The Bitcoin price has been hovering below the $100k mark over the past few days, trading in the red zone. Although Bitcoin has yet to breach the $100,000 threshold, analysts remain optimistic about its potential to shatter this level and surge to a staggering $130,000. In an X post, VanEck’s Head of Digital Assets Research, Matthew Sigel, predicted that the Bitcoin price would see a 35% surge, citing historical trends. Notably, Bitcoin has experienced a relatively quiet six-day period, reminiscent of the brief trading range in November 2023. The calm period was followed by a significant 35% surge within a month. Thus, the historical data suggests that the current tranquility may precede a possible price movement for Bitcoin. Corroborating Sigel’s analysis, analyst Mister Crypto projected the Bitcoin price’s trajectory to a high of $130k. Mister Crypto believes Bitcoin is on the cusp of a parabolic surge, marking the beginning of its next major upward move. It is noteworthy that the VanEck Chief’s Bitcoin analysis comes following his significant remarks on the Bitcoin reserve. In a recent post, Sigel stated that a Bitcoin reserve is key to maintaining the United States’ dominance in the global financial landscape. Will Bitcoin Bounce or Collapse? Analysts Explain As the Bitcoin price continues to fluctuate, investors wonder if the cryptocurrency could…
2025-02-12T03:45:07+00:00