Bitcoin

Momentum

Gary

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-prices-continue-to-gain-momentum-above-95500/" data-wpel-link="internal">Bitcoin Prices Continue to Gain Momentum Above $95,500</a> 
Bitcoin (BTC) price remains strong, finding buyers above $95,500, indicating a positive trend at higher levels. We observe sequential rallies in altcoins as well. BNB Coin, for example, is setting a new all-time high today, gaining over 20% daily. What are the latest market predictions from analysis firms? 
<h2 style="text-align: justify" id="crypto-market-forecast-report">Crypto Market Forecast Report</h2> 
As this article is being prepared, QCP Capital analysts have released their report assessing the current market outlook. The influence of the Trump-supported rally on Bitcoin prices is noticeable, and now altcoins are gaining upward momentum. While ETH targets $3,800, XRP Coin is on the verge of reaching its all-time high price. 
QCP Capital analysts emphasize the gains in older altcoins, stating: 
<blockquote> 
 “Reject modernity, embrace tradition. These four words could have served you well during your profitable journey in crypto markets last week. 
 Experienced coins that have been around since 2021 have staged an incredible rally in the past two weeks. XRP has surpassed its 2021 peak of $2, reaching $2.90 with a remarkable 400% rise since November. Other older coins like <a href="https://en.coin-turk.com/cardano-partners-with-brazilian-energy-giant-petrobras/" data-wpel-link="internal">ADA</a>, HBAR, and XLM have experienced movements of 300%, 800%, and 600%, respectively.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-412021 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/12/BTCUSDT_2024-12-04_16-27-38.png" alt="" width="1814" height="836"> 
Older altcoins, dating back to 2017 and earlier, are performing exceptionally well compared to assets that have yet to experience bull markets. 
<h2 style="text-align: justify" id="what-are-the-expectations">What Are the Expectations?</h2> 
The surge in major altcoins is fundamentally a result of the November elections, which seems likely to continue into the first quarter of next year. Today’s report from analysts includes the following details: 
<blockquote> 
 “Trump proposed eliminating capital gains taxes on cryptocurrencies issued by American companies in November. This sparked the ongoing madness in the <a href="https://en.coin-turk.com/key-levels-for-ethereum-bnb-and-solana-as-crypto-prices-fluctuate/" data-wpel-link="internal">altcoin</a> markets. Expectations of a crypto-friendly cabinet further fueled the fire. 
 It is rumored that Paul Atkins will replace Gary Gensler as the head of the SEC, with other candidates also appearing crypto-friendly. Howard Lutnick, the current CEO of Cantor Fitzgerald, has been designated as Commerce Secretary. Cantor Fitzgerald is currently in discussions with Tether, further positioning Lutnick as a crypto advocate.” 
</blockquote> 
However, there are some risks to consider. Experts highlight the following points in the risks section: 
<blockquote> 
 “We see some macro risks in the near term. Concerns about a resurgence of inflation have led markets to reduce the expectation of interest rate cuts in the U.S. by 2025 to just three. Geopolitical risks against China, Mexico, Canada, and BRICS also exist under Trump. Despite these risks, we believe the <a href="https://en.coin-turk.com/coinbase-plans-to-modernize-direct-deposit-system-with-blockchain-based-stablecoin-settlements/" data-wpel-link="internal">crypto market</a> is poised for a rise. Trump’s team will likely implement crypto-friendly policies, attracting further institutional interest. It’s possible for BTC to exceed $100,000, and the prospect of ETH surpassing all-time highs seems more realistic than a dream. Respect the rally.” 
</blockquote> 
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Bitcoin Prices Continue to Gain Momentum Above $95,500

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