Bitcoin Holds Strong Above $100K While Altcoins Struggle – What’s Next?

A well-known crypto analyst suggests that Bitcoin remains on track for further gains, even as the broader market shows signs of uncertainty.

The trader, Credible Crypto, argues that current conditions don’t align with a market peak, where enthusiasm and widespread altcoin rallies usually signal the end of a bull run.

According to the analyst, major tops occur when altcoins surge alongside Bitcoin, creating a euphoric atmosphere where retail traders believe they’re winning across the board.

However, the current sentiment is far from exuberant, as many investors appear frustrated by the lack of movement in altcoins, while Bitcoin consolidates comfortably above $100,000.

READ MORE:

El Salvador Tweaks Bitcoin Law for IMF Deal but Stays Committed to Crypto

He advises traders to stay patient, watching for signs of strength in altcoins before increasing their positions or strategically accumulating at key support levels. Reacting emotionally during periods of uncertainty, he warns, is one of the worst mistakes traders can make.

Currently trading at $104,035, Bitcoin has gained 2.5% in the past 24 hours. While price action has been relatively flat over the last week, BTC has climbed 12.5% over the past month, reinforcing the idea that the market is in a phase of consolidation rather than exhaustion.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.