Today’s release of inflation data in the United States has led to a rapid increase in cryptocurrency prices, bringing relief to altcoin traders as the market begins to recover. However, one question lingers: how long will this upward trend continue? With several upcoming events on the horizon, the unpredictable nature of cryptocurrencies continues to excite investors. So, what are the experts saying about the current market situation?
Will Cryptocurrencies Experience Further Growth?
Despite reaching a peak of $99,799, the price of BTC has retraced many of its quick gains. Analyst Altcoin Sherpa warns that we are approaching a critical point and advises caution. It may still be too early to let our guard down. He shares the following insights regarding price movements:
“$100,000 is a crucial level for BTC, and we should proceed with caution. We may either surpass this level or experience a slight pullback to around $96,000, close to the 200 EMA on a four-hour chart. Keep an eye out for a false breakout towards $101,000, followed by a downward movement. Short-term timeframes are particularly important in this situation.”
Altcoins in 2025
Market analyst Yoddha discusses the anticipated rise of altcoins this year. While the previous year saw minimal upward movement in altcoins, a comparison with 2021 and previous bull markets suggests that we may still witness significant peaks before the year concludes.
“Altcoins are poised for substantial gains this year. TOTAL2, an index measuring the performance of altcoins, has not even surpassed its previous all-time high, and yet some bears are prematurely declaring the end of the bull market. We are still in an upward phase, and the trend has not shifted downwards.”
While giants like XRP Coin have reached peaks not seen in years, the overall altcoin market faces challenges. The intensified competition and the significant increase in the number of cryptocurrencies further complicate matters for altcoins.
Despite the surge in the market, Federal Reserve members do not view the latest Consumer Price Index (CPI) data favorably. This perspective may result in a slight pullback in BTC prices. However, as the weekend approaches, the influence of the Trump factor could motivate buyers. BTC must maintain the $98,500 level.
