Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin Surges Beyond $108,000 While Altcoins Await Their Turn

Bitcoin Surges Beyond $108,000 While Altcoins Await Their Turn

CointurkCointurk2025/06/29 13:56
By:İlayda Peker

In Brief Bitcoin's price is over $108,000 despite weak trading volumes. Altcoins await liquidity as Bitcoin nears its real peak. Analysts suggest possible short-term reversals in BTC dominance.

Despite weak trading volumes, the price of Bitcoin (BTC) $108,183 stands impressively above $108,000. An analyst who previously issued a warning in April anticipates even greater movements. While analysts, using various indicators to take positions, often err, considering different perspectives can generally be beneficial for investors. Today, let’s explore the expectations of different analysts regarding the markets.

Will Altcoins Rise?

Bitcoin has been acquiring buyers close to its all-time high price for quite some time. However, the same cannot be said for altcoins . Investors who have experienced previous cycles are aware that as BTC reaches its real peak, liquidity begins to flow into altcoins, propelling them towards new highs during this process.

In recent days, it has been noted that the entry into altcoins is at a low level, signaling a potential undervaluation in prices. As altcoins continue to significantly weaken against BTC, we might be approaching the end of this phase.

AskCryptoWealth shared an analysis, making the following comments:

Bitcoin Surges Beyond $108,000 While Altcoins Await Their Turn image 0

“Previously, I shared the VIX chart, and then BTC accelerated its rally from $75,000. The cryptocurrency king has made its first move, and now it’s altcoins’ turn.”

ETH and Other Altcoins

The largest altcoin by market capitalization, ETH, has not yet reclaimed $2,500, lingering around $2,450. Although it seized a significant opportunity with the China agreement just hours before the Iran war commenced, we’ve become accustomed to unexpected surprises disrupting plans. Crypto Lord highlighted the increase in ETH short positions, which was a strong signal for the previous surge.

Bitcoin Surges Beyond $108,000 While Altcoins Await Their Turn image 1

“ETH short positions are back at a new ATH level. The funny thing is, last time this happened, ETH gained 120% in value within 4 weeks. Bears never learn.”

Another key chart to consider for altcoins is the Bitcoin market dominance chart. Poppe mentioned that we are moving towards a process similar to the short but impressive altcoin rise in November 2024.

Bitcoin Surges Beyond $108,000 While Altcoins Await Their Turn image 2

“The Bitcoin dominance chart could indicate a potential short-term reversal. Why? A strong downtrend suggests we are approaching a peak. We last observed this in November 2024, during the final rise in #Altcoins. Is this certain? Not yet.”

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

ESUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/16 11:12

New spot margin trading pair — CROSS/USDT, TAC/USDT!

Bitget Announcement2025/07/16 08:07

Subscribe to TANSSI Savings and enjoy up to 15% APR

Bitget Announcement2025/07/15 11:00

TACUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/15 10:40