Crypto Markets Erupt as Bitcoin Nears ATH and Altcoins Go Parabolic

Bitcoin smashes through resistance levels like a bull in a china shop—traders scramble as FOMO hits fever pitch.

Altcoins ride the wave: Ethereum, Solana, and meme coins post double-digit gains while ’stablecoin’ yields remain anything but.

Wall Street analysts grit their teeth and mutter about ’irrational exuberance’—right before quietly doubling their crypto allocations.

$104,652 lingers around $105,000, with calmness continuing in the altcoins market. While it managed to reach $105,800 once again in its last attempt, bulls have yet to see closing prices above this threshold. Nevertheless, it is expected that this will eventually lead to greater peaks. What do those anticipating a rise in altcoins need to know? Here are the latest analyst predictions.

ContentsPlanB’s Bitcoin TargetOpinions from cryptocurrency Analysts

PlanB’s Bitcoin Target

PlanB gained immense popularity for achieving each target he set by the end of 2021. Although things haven’t always gone according to plan since then, his accurate predictions in bull markets have investors excited about his current target. Adapting the stock-to-flow model to Bitcoin, PlanB recently wrote that S&P is heading toward 7,000 and BTC toward $300,000.

Opinions from Cryptocurrency Analysts

Glassnode has drawn attention to data fluctuations in Ethereum$2,478 following the Pectra update. Ethereum’s Realized Value, representing the total capital held in the asset, increased from $240.8 billion (7 May) to $244.6 billion (19 May). This represents a $3.8 billion (+1.6%) increase, reversing a three-month downtrend since early February. Therefore, the potential continuation of the rise in Ethereum’s price indicates strong support for the overall rise of altcoins.

Sherpa has refocused on the Doge chart and commented: “DOGE’s chart is intriguing. It experienced a drop for about two months and made a strong move. Probably due to elections and other macro factors, it cannot be compared with previous consolidations in late 2024. Nevertheless, we are about to see if it forms a higher low and continues higher… the coming weeks will reveal this.

If this ground holds, my target is something like $0.30; otherwise, I can easily see it returning to $0.15.”

DaanCrypto mentions that the total market capitalization of cryptocurrencies faced rejection for the fifth time during testing.

The analyst suggests that taking positions WOULD be more reasonable after the break of one of the two key regions. For now, cryptocurrencies struggling at resistance should gain momentum even if they break this level.

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