Bitcoin could reach the $150,000 mark, creating a growth opportunity for altcoins lasting from 1 to 2 months.
Major breakouts of Bitcoin in the past often opened a strong uptrend period for altcoins lasting 3 to 5 weeks. Many payment tokens and emerging projects are currently gaining attention due to this trend.
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Bitcoin is expected to reach $150,000, triggering an altcoin price surge lasting from 1 to 2 months.
Payment tokens such as XRP, XLM, HBAR are on the rise, while BNB, LINK, ADA may be the next group to receive capital.
Investors should prioritize blue-chip coins and potential projects, avoiding chasing hot price phenomena.
Can Bitcoin reach $150,000 in the near future?
Dennis Liu, partner at Momentum 6, believes Bitcoin has the potential to reach $150,000 based on analysis of previous price movements.
"After each time Bitcoin surpasses important thresholds, such as from $30,000 to $44,000 or from $71,000 to $105,000, the altcoin market usually witnesses a strong surge lasting several weeks."
Dennis Liu, General Partner at Momentum 6, 07/16/2024
In the past, when Bitcoin experienced strong growth, such as after the victory of the U.S. President in 2020, the $100,000 mark became a supportive starting point for the next surge. History shows that Bitcoin continues to be the main driver for the entire cryptocurrency market.
Which altcoins have growth potential in the upcoming boom?
Currently, payment tokens like XRP, XLM, HBAR are on the rise, while large-cap coins like BNB, LINK, ADA are still in the low price range, potentially the next targets for capital flow.
In particular, emerging ecosystems like Solana along with the SUI and APTOS projects are notable highlights due to their technological development potential and diverse Smart Contracts.
"The increase in the value of payment tokens reflects a shift in investment strategy, focusing on coins with real-world applications and expanding ecosystems."
Cryptocurrency analyst Minh Anh, 2024
What should investors be aware of when participating in the market this time?
Investors are recommended to focus on blue-chip coins and upcoming projects to limit risks and maximize growth potential. Avoid FOMO mentality or chasing prices during strong market fluctuations.
It is expected that if Bitcoin reaches $150,000, the top 20 coins by market cap will grow uniformly, creating opportunities for reasonable portfolio allocation and optimized profits.
How do Bitcoin price surges affect the altcoin market?
According to Momentum 6 observations, whenever Bitcoin breaks key resistance levels, a short-term price increase cycle of 3 to 5 weeks appears in altcoins, allowing investors to capitalize on diverse profit opportunities.
Bitcoin Growth Phase Altcoin Price Surge Timeframe $30,000 to $44,000 Altcoin explodes quickly 3-5 weeks $45,000 to $71,000 Altcoin benefits together 3-5 weeks $71,000 to $105,000 Altcoin shows outstanding growth 3-5 weeks
Frequently Asked Questions
Will Bitcoin really reach $150,000 this year? Based on analysis from expert Dennis Liu, this price could occur if the market maintains its current uptrend. Which altcoins should be prioritized for investment when Bitcoin rises sharply? Payment tokens like XRP, XLM, HBAR and large-cap coins like BNB, LINK, ADA are preferred choices due to their capitalization potential and real-world applications. What should investors avoid during the altcoin price surge? It's advisable to avoid chasing prices when the market is hot, prioritize strategic investments, and conduct thorough evaluations of projects to minimize risks. Which new projects stand out in 2024? The Solana ecosystem along with the SUI and APTOS projects are highly regarded by experts for their technological capabilities and sustainable development potential. How does Bitcoin's price history affect the cryptocurrency market? Each breakout of Bitcoin often opens a period of several weeks of price increases for altcoins, creating diverse profit opportunities for investors.
Source: https://tintucbitcoin.com/altcoin-bung-no-bitcoin-vuot-150-000-usd/
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