Today’s inflation data from the United States has sparked a rapid rise in cryptocurrency prices, bringing joy to altcoin traders as market wounds begin to heal. However, the question remains: how long will this upward trend last? With numerous upcoming events on the horizon, the unpredictable nature of cryptocurrencies continues to excite investors. What are the experts saying about the current market situation?
Will Cryptocurrencies Rise?
Despite reaching a high of $99,799, the price of BTC has erased many quick gains. Analyst Altcoin Sherpa warns that we are approaching a critical point and that caution is warranted. It might still be too early to relax. He shared the following insights regarding price movements:
“$100,000 is a key level for BTC; caution will prevail here. We may either surpass this level or retract slightly to around $96,000 near the 200 EMA on a four-hour chart.
Watch for a false breakout towards $101,000 and then downwards. Short-term timeframes are crucial here.”
Altcoins in 2025
Market analyst Yoddha discussed the expected rise of altcoins this year. While last year saw a lack of significant upward movement across altcoins, a comparison with 2021 and previous bull markets suggests that peaks might still be reached before the year ends.
“Altcoins will see significant gains this year. TOTAL2 has not even surpassed its all-time high and bears are prematurely declaring the end of the bull market. This phase is still upward, and the trend has not shifted downwards.”
While giants like XRP Coin have reached peaks not seen for years, the overall altcoin market faces challenges. The intensified competition and the substantial increase in the number of cryptocurrencies complicate matters further for altcoins.
Despite the market surge, Fed members do not view the latest CPI data favorably. This perspective may cause a slight pullback in BTC prices, but as the weekend approaches, the Trump factor could motivate buyers. BTC must hold the $98,500 level.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
