Exploding Cryptocurrency: Bitcoin Surges to $120,000, Pulling Altcoins Skyward!

If Bitcoin continues its upward trend and reaches the $120,000 mark, the cryptocurrency market promises a bright future, especially with altcoins like $BNB , ETH, SUI, and $POL leading the surge from 50% to 300%. After Bitcoin skyrocketed from $75,000 to $106,000 in just 30 days, the Fear and Greed index reached 70 – a strong greed level – along with 99.7% of days holding Bitcoin being profitable, indicating a robust market health. This opens up significant potential as Bitcoin surpasses key resistance levels.

With MVRV Momentum and MVRV Z-Score at long-term bullish support levels, Bitcoin is asserting its sustainable position. If the price continues to climb to $120,000, capital flow will strongly spread to altcoins. BNB, with the Binance ecosystem, ETH thanks to the strength of DeFi, along with $SUI and POL – promising projects – could benefit, growing from 50% to 300% due to the spillover effect. Crypto fund inflows reached $3.4 billion last week, and the forecast of accumulating $330 billion into Bitcoin by 2029 further reinforces this confidence.

Although there may be short-term adjustments, the long-term outlook remains positive, with Bitcoin and altcoins leading an increasingly mature market that attracts global investors.

Risk Warning: Crypto investment carries high risks due to price volatility and legal uncertainties. Please consider carefully before participating. #anhbacong