Although the Bitcoin rally has stalled in recent days, price action has been experiencing high volatility. However, expectations for BTC to reach $100,000 are still strong. QCP Capital analysts say that Bitcoin reaching $100,000 is a completely achievable goal.
Analysts argue that Bitcoin will reach this level thanks to the positive political and economic environment and increasing institutional demand. They also point out that despite the net outflows in ETFs on Thursday and Friday last week, BTC still finds strong support and institutional adoption continues. Analysts no longer see Bitcoin reaching $100,000 as an impossible scenario.
The Great Altcoin Season Is Coming!
Analysts say that a major altcoin season could begin in the coming months after Donald Trump returns to the presidency and the FED cuts interest rates. Analysts expect a large portion of capital to shift to altcoins after Bitcoin reaches $100,000, and they consider Solana’s recent 17% rise, leaving both Bitcoin and Ethereum behind, as an important indicator.
"Bitcoin's market dominance is currently around 60%. This rate may need to drop below 58% for altcoin season to begin. With crypto-friendly policies coming from the Trump administration and the expectation of a rate cut, we would not be surprised to see altcoin season gain momentum in the coming months."
Analysts also add that historically, after major cryptocurrency rallies, investors shift their profits to smaller-cap coins, and altcoins perform well during these periods. This trend is considered a sign of a period when major cryptocurrencies stabilize after the rally and altcoins rise.
