Cryptocurrency markets have seen recent declines, but analysts anticipate a resurgence to kick off a new bull market phase. Bitcoin (BTC), the leading cryptocurrency, dropped below $60K in early July, pulling down several altcoins like Shiba Inu (SHIB), AVAX, LINK, and DOT.Despite market pessimism, analysts foresee a potential bull run pushing global market values to record highs. Analyst Wizard Crypto predicted BTC could peak at $150,000, echoing projections by Standard Chartered, which suggested BTC might hit $150K by 2024 and $250K by 2025.Wizard Crypto also forecasts significant gains across other cryptocurrencies. Ethereum (ETH) could surpass $10,000, BNB may settle at $1,500, Solana (SOL) might reach $500 with ETF speculation, and Dogecoin (DOGE) could hit $3. Shiba Inu (SHIB) is notably predicted to surge by 1,600%, potentially reaching $0.003 and reclaiming a top 10 market cap status.
