In VanEck's eyes, the performance of altcoins is closely related to the future of Bitcoin.
They found that when altcoins collectively perform well, more than 60% of altcoins outperform Bitcoin within 90 days, and then Bitcoin will often usher in a wave of significant gains.
According to VanEck's in-depth research, once this altcoin seasonal index reaches 60, Bitcoin can rise by an average of 10% (one month), 30% (three months), or even 73% (six months) in the following period.
From this point of view, if this rule is reliable, by mid-2025, the price of Bitcoin may soar to $160,000!
However, after Trump's victory, altcoins did experience a wave of selling, but analysts believe that this is just a normal adjustment of the market, which can squeeze the previous bubble, and the altcoins have quickly rebounded.
The current price of Bitcoin is around $97,700, and the market value is almost $2 trillion. Moreover, the enthusiasm for buying Bitcoin ETFs has not diminished. On Tuesday, more than 400 million US dollars flowed in. It seems that everyone is still confident in the future of Bitcoin.
Speaking of the future trend of Bitcoin, some experts pointed out that there are many people watching below $95,000. As soon as this price approaches, people will rush to buy.
This is the seventh time. This price is obviously an iron support point. Moreover, although the altcoin market has been popular before, everyone is still optimistic that Bitcoin will continue to rise.
Also, on social media, once someone shouts that Bitcoin is going to fall, the emotions of fear, uncertainty and doubt are flying all over the sky. In the view of VanEck and others, this is a signal that Bitcoin is going to rise!
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