$Bitcoin Eyes $110K by January, $20B TRX Signals Potential 'Altseason' — Finance Redefined
Bitcoin broke past $100,000 for the first time on Dec. 5, fueling speculation of a potential $110,000 “local top” ahead of President-elect Donald Trump’s inauguration on Jan. 20.
Meanwhile, altcoin enthusiasm is surging as Tron ($TRX ) reached a record $20 billion market capitalization. This milestone has heightened expectations of an impending altcoin season, with some Bitcoin (BTC) profits likely to flow into smaller cryptocurrencies.
Bitcoin has entered the "parabolic phase" of its market cycle, with analysts predicting a potential local top exceeding $110,000 by late January.
This forecast aligns with Bitcoin's correlation to the Global Macro Investor’s Total Liquidity Index, which aggregates data from major central bank balance sheets, suggesting continued upward momentum.
