Bitcoin’s (BTC) price has surged past $125,000, setting new records and fueling optimism in the cryptocurrency market. After smashing previous highs yesterday, BTC again climbed to a new peak, reaching $125,819.2 within minutes. This upward trajectory is raising hopes for altcoins as well.
The Crypto Oracle’s Insights
Roman Trading, known for its accurate predictions in recent months, had anticipated numerous market fluctuations, including BTC testing the $124,000 mark. However, BTC seems unfazed by such tests, continuously elevating its all-time high (ATH). With resilient buyers, greater heights appear within reach. What remains uncertain is the crypto oracle’s current stance, particularly when weekly and monthly charts indicate a downturn.
We are close to invalidating bearish trends on the weekly chart. Should this occur, I’ll acknowledge the change in chart patterns. However, I’m not betting on this success. We’ve repeatedly seen rejections and a lack of volume between $100,000 and $120,000. To those asking if I’ll purchase now: my answer is no. The bull run might extend, but following such a massive rise from the bottom, purchasing doesn’t interest me. Maybe I’ll explore some altcoins.
Such is the nature of crypto, where missteps are inevitable. Following the 2021 bull run, figures like PlanB and CAPO after the 2022 crash, and now Roman Trading, have collectively shown the community that not every prediction pans out.
APT Coin and Market Dynamics
As Bitcoin reaches new peaks, altcoins often draw liquidity once profit-taking begins. This influx can pave the way for altcoins to reach greater peaks. However, delayed rate cuts and macroeconomic fluctuations have prolonged this process. If Trump’s stimulus checks are issued and the Fed continues rate cuts, the delayed altcoin bull run might outlast initial projections.
An analyst known as CryptoBullet is optimistic about APT Coin, predicting lucrative opportunities as it crafts a robust breakout candlestick on the weekly chart. Similar patterns in October 2023 and September 2024 preceded significant mid-term gains of 215% and 93%, respectively. The distinction now lies in volume: “Last week’s breakout candlestick marked the highest buyer volume since January 2023!”