Bitcoin may break 100,000 in the short term! ETH/BTC returns to 0.03, the key to altcoin revival
Bitcoin is in a critical stage of battling to break the $100,000 mark and a $2 trillion market cap. Despite the recent strong upward momentum, it has been fluctuating above $100,000 and needs to convert resistance levels to support levels. Short-term technical indicators suggest that BTC may fall below $100,000, but the medium to long-term bullish trend remains unchanged.
Altcoin revival signal: The ETH/BTC exchange rate needs to rise to the key level of 0.03 to activate the interconnected effects of the altcoin sector.
The market generally expects Bitcoin to challenge the historical high of $110,000 again, with June potentially pushing further into the $120,000 - $150,000 range.
Although a short-term pullback may occur, the long-term trend is still extremely optimistic. Investors can accumulate core assets on dips and seize trending opportunities.
