The Bitcoin price chart points to $100,000, and SUI, AVAX, TRUMP, and TAO are expected to follow the trend
Bitcoin's strong rebound this week increases the possibility of a rally in SUI, AVAX, TRUMP, and TAO.
Key points:
Bitcoin recorded a 10% gain over the last week, and technical indicators remain bullish as a new week begins.
Analysts expect Bitcoin to gain an additional 40% by the end of the year.
Some selected altcoins show a positive bias due to the improved sentiment in the cryptocurrency market.
Bitcoin
BTC
€82,318
rose more than 10% this week, as buyers made a strong comeback, pushing the price toward the upper resistance at $95,000. Although buyers are struggling to overcome this hurdle, a positive sign is that they have not ceded much ground to the bears.
The strong bullish movement is supported by solid purchases in U.S. spot Bitcoin exchange-traded funds (ETFs), which recorded inflows of $3.06 billion, according to data from Farside Investors. Bloomberg ETF analyst Eric Balchunas said in a post on X that it was really remarkable to see “HOW QUICKLY flows can shift from first to fifth gear.”
Following Bitcoin's recovery, the co-founder of 21st Capital, Sina, said in a post on X that Bitcoin regained the price of the power law. Sina's Bitcoin Quantile Model projects that Bitcoin will reach between $130,000 and $163,000 before the end of 2025. The anonymous Bitcoin analyst, apsk32, had an even higher target of over $200,000 for Bitcoin in the fourth quarter of this year.