Bitcoin Bulls Eye $100,000, With Altcoin Season Expected to Follow

2024-11-19 1,264

Bitcoin has surged, nearing the once-distant $100,000 mark, driven by shifting U.S. regulations and growing institutional support. BTC remains resilient despite recent ETF outflows. QCP Capital predicts BTC will reach $100,000 soon, marking the start of an alt season for cryptocurrencies. JPMorgan’s retail sentiment indicator hit a record, signaling growing investor demand. Some analysts warn of potential market volatility, with concerns over Bitcoin's dominance and the possibility of a price pullback if the Fed maintains a hawkish stance.