Bitcoin’s Growth Anticipated, Altcoins Expected to Lead Gains

• Bitcoin trades at $104,699, reflecting a 5.1% increase within 24 hours, with further growth anticipated.
• Analyst Michaël van de Poppe expects Ethereum-related altcoins to outperform Bitcoin in the current market cycle.

Bitcoin (BTC) is positioned for a notable upward move, according to cryptocurrency analyst Michaël van de Poppe. Despite this, he predicts that altcoins, especially those within the Ethereum (ETH) network, may experience greater growth in the near term. These projections align with observed market trends and the current economic environment.

Very likely we'll see a new impulse on #Bitcoin in the coming period.

However, I think it's more likely that we'll see #Altcoins outperform Bitcoin, especially the $ETH ecosystem.

Lower yields, weaker Dollar, progressive crypto regulation all fueling the market momentum.

— Michaël van de Poppe (@CryptoMichNL) January 17, 2025

Van de Poppe points out that Bitcoin is supported by favorable conditions, including reduced yields, a weaker U.S. dollar, and regulatory progress in the cryptocurrency industry. These factors are expected to bolster its performance. 

“Very likely we’ll see a new impulse on Bitcoin in the coming period. However, I think it’s more likely that we’ll see altcoins outperform Bitcoin, especially the ETH ecosystem. Lower yields, weaker dollar, progressive crypto regulation all fueling the market momentum.”

At the time of writing, Bitcoin is trading at $104,699, reflecting a 5.1% gain in the past 24 hours. However, he suggests that altcoins are likely to attract increased investor attention due to their potential for higher returns.

I think that this bull cycle is more complex than the previous one.

Just like 2021 was more complex than 2017, as everything literally kept going up in 2017.

That's why I've got a semi-active trading strategy.

For now, I'll be holding, but I'll be trading actively on those…

— Michaël van de Poppe (@CryptoMichNL) January 16, 2025

Van de Poppe notes that the current cryptocurrency cycle is more complex than previous ones, requiring a strategic approach. He believes altcoins are at the beginning of an upward trajectory, presenting an opportunity for investors. 

This approach highlights the growing prominence of altcoins in the market, particularly those linked to Ethereum. These assets are benefiting from developments in decentralized finance (DeFi) and an evolving regulatory framework, which is fostering increased interest among retail and institutional investors.

Bitcoin (BTC) is currently trading at $105,006.74, reflecting a 5.13% increase in the last 24 hours. Its market capitalization stands at $2.08 trillion, with a 24-hour trading volume of $71.3 billion, marking a 32.30% increase. The circulating supply is 19.81 million BTC, with a fixed maximum supply of 21 million BTC.

From a technical perspective by ETHNews, BTC is currently testing resistance at $105,000 – $107,000. If it breaks above this range, the next upside targets could be $110,000 – $115,000. However, if BTC faces rejection, a retracement toward $102,000 – $103,000 is possible, with strong support at $100,000.

With growing institutional demand, network security, and anticipation of supply constraints due to the halving, Bitcoin is well-positioned for sustained long-term growth. However, a confirmed breakout above $107,000 is necessary to validate further upside potential.

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