The bitcoin course is growing, but not in a way that would please the bulls. However, there are many indications that further bull market is ahead of us.
Bitcoin’s course reflected
The price of Bitcoin is increasing, it is possible that the correction hole is behind us. Today for 1 BTC you pay $ 114,659.
Correction on the market was needed and should be considered healthy, especially when you look at the Etheru chart in a slightly broader perspective. The current, further climbing north should allow us to puncture $ 4,000 and start the fight for new ATH.
Current increases can be kept by the faith of the market in the fact that the FED will reduce interest rates this year – and on a scale greater than we assumed at the end of the previous week. The “valuation” of the Fed Watch Tool shows that in 2025 there will be three more feet cuts, which will bring interest rates to 3.5-3.75%.
What about Altas?
For now, Bitcoin stays on the chart tightly, and Altcoins do not grow as they could at this stage. Ryan Lee, the main Bitget analyst, told us:
Altcoin Season Index indicator at 41 points. In turn, the domination of Bitcoin is around 60%. Both of these indicators indicate that the market is still in a phase dominated by BTC, without the clearly started Altcoin season. The decrease in the domination of BTC from this year’s summit suggests early capital rotation towards Altcoins – reflecting the cautious optimism of investors and a selective risk tendency, especially within tokens from the Ethereum ecosystem and DEFI projects. However, the low value of the index suggests that the Altcoin strength is rather sporadic rather than widespread, which confirms that the market still favors bitcoin’s stability over speculation on the wide ALT market.
This week, Bitcoin is expected to stabilize at USD 112,000–118,000, supported by strong technical indicators. Ethereum can test the level of USD 3,800, driven by the influx of capital to ETFs and the growing interest of the institution. The increase in ETH adoption and on-chain activity can support its better results, but Bitcoin’s domination may limit the potential of greater Altcoin increases-unless market sentiment moves even more clearly towards greater risk acceptance.
So there are many indications that Altcoin Season is just ahead of us. It may come only when the Eth course breaks at ATH.
