The latest inflation data from the United States has triggered a rapid increase in cryptocurrency prices, bringing joy to altcoin traders as the market begins to recover. However, the question remains: how long will this upward trend continue? With various upcoming events on the horizon, the unpredictable nature of cryptocurrencies continues to excite investors. What are the experts saying about the current market situation?
Will Cryptocurrencies Rise?
Despite reaching a high of $99,799, the price of BTC has erased many quick gains. Analyst Altcoin Sherpa warns that we are approaching a critical point and advises caution. It may still be too early to relax. He shares the following insights regarding price movements:
“BTC reaching $100,000 is a crucial level; caution is necessary here. We may either surpass this level or experience a slight pullback to around $96,000 near the 200 EMA on a four-hour chart. Keep an eye out for a false breakout towards $101,000, followed by a downward move. Short-term timeframes are crucial in this situation.”
Altcoins in 2025
Market analyst Yoddha discusses the anticipated rise of altcoins this year. While last year witnessed a lack of significant upward movement in altcoins, a comparison with 2021 and previous bull markets suggests that peaks may still be reached before the year ends.
“Altcoins will experience significant gains this year. TOTAL2 has not even surpassed its all-time high, and bears are prematurely declaring the end of the bull market. This phase is still upward, and the trend has not shifted downward.”
While giants like XRP Coin have reached peak levels not seen in years, the overall altcoin market faces challenges. The intensified competition and the substantial increase in the number of cryptocurrencies further complicate matters for altcoins.
Despite the market surge, members of the Federal Reserve do not view the latest CPI data favorably. This perspective may lead to a slight pullback in BTC prices. However, as the weekend approaches, the “Trump factor” could motivate buyers. BTC must maintain the $98,500 level.
