Bitcoin (BTC)
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After an 18-day absence, the price of Bitcoin has once again reached six-digit levels, bringing good news for altcoins. While the impact of the Federal Reserve’s Wednesday minutes on the market in the coming hours remains uncertain, the short-term outlook appears highly positive. What do experts predict for the markets?
Why Are Cryptocurrencies Rising?
BTC has surpassed the crucial $102,000 level, with favorable conditions in U.S. markets. Furthermore, Donald Trump’s assumption of the presidency on January 20 may potentially alleviate regulatory pressures on cryptocurrencies and result in a complete reversal of the U.S. administration’s stance. However, we must be realistic about ideas such as BTC reserve, as their implementation is challenging.
Politicians are cautious about taking a negative stance on cryptocurrencies during this election cycle. It is likely that they will adopt a similar approach in the 2026 midterms, indicating a more favorable attitude towards cryptocurrencies in the Senate and the House of Representatives.
Bitcoin’s Next Target
Analyst Jelle stated in today’s assessment that BTC could rise to $120,000 if closing prices remain above $102,000. This would surpass the previous all-time high (ATH) of $108,000. Historical data suggests that we are currently in a period similar to 2021, making this scenario plausible.
Experts who predict targets for 2024 have set their sights above $90,000. While this may have seemed absurd at the time, it would be disappointing if BTC fails to reach that level today. Current forecasts place BTC around $200,000, suggesting that prices could rise even higher if a scenario similar to last year’s $90,000 unfolds. Michael Poppe is particularly optimistic about the first quarter, noting significant gains historically observed in post-halving years like 2025.
“Historically, 2017 and 2021 were significant years for altcoins. The first quarter of these years saw great positivity for ETH. Is history repeating itself? We anticipate an excellent quarter in altcoin volatility.”
Finally, Crypto Rover shared the above chart, welcoming users to the altcoin bull market.
