Bitcoin’s Bull Run Accelerates: Analysts Predict $130K Surge by Month-End
Crypto markets roar back as Bitcoin spearheads the charge—traders brace for a potential $130K breakout before August.
Why the frenzy? Institutional inflows, ETF approvals, and that classic crypto FOMO are fueling the fire. Meanwhile, Ethereum and altcoins hitch a ride on BTC's coattails.
Not everyone's convinced. 'Same hype, bigger numbers,' quips a hedge fund manager still salty about his 2022 short positions. But charts don’t lie—unless they’re doctored, which, let’s face it, happens.
Key levels to watch: A clean break above $100K could trigger algorithmic buying frenzies. Below $90K? Cue the 'macro downturn' Twitter threads.
Final thought: Whether this moonshot lands or crashes, Wall Street’s still figuring out how to pronounce 'HODL.'
Altcoins Ride Bitcoin’s Wave
As per CoinMarketCap, Solana jumped over 9% this week, now trading at $162. The rally came from increased retail and memecoin activity. XRP surged 27% after a technical breakout and renewed speculation over regulatory clarity. dogecoin also saw a 22% jump, with higher volumes on Robinhood and Binance pushing it forward.
Besides, altcoins like Cardano, TRX, and AVAX also gained, confirming a broad altcoin revival. Bitpanda’s deputy CEO Lukas Enzersdorfer-Konrad explained that altcoins often follow strong Bitcoin rallies with a slight delay.
Caution Grows Despite Bullish Sentiment
In contrast, Ruslan Lienkha, Chief of MarketsYouHodler, noted some resistance levels on Bitcoin. According to him, there’s a possibility that the price will rise to $130,000, but if it doesn’t work, there can be unpredictable swings.
On X, Robert Kiyosaki advised investors to avoid FOMO. He called the surge in the market the “Banana Zone”—an area where emotions take hold while logic goes out. Kiyosaki warned about the dangers of late buying and advised purchasing only when the market takes a downturn.
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