Bitcoin is prepared for further recovery when the Cryptocurrency market grows up for new pricing. With institutional assumption of bitcoin that is already shaking new heights, the Altcoin market saturation is also up for review, with predictions about an imminent altcoin pump that spreads like a wildfire in space.
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Bitcoin Price Presence: Analysts say that a new target is set
Merlin Later, emphasized the importance of BTC’s breaking point and adds how BTC’s movement is structurally adapted, which helped it hit $ 140,000 as its next big goal:
“Bitcoin only broke out of both a falling wedge and a bull flag. It’s not noise; it’s structure. $ 140,000 is in sight. This is the break out phase. Strong hands already know what comes next. You ride either … or chasing it.”
Bitcoin only broke out from both a falling wedge and a bull flag.
It is not noise it is the structure.
$ 140,000 is in sight.
This is the breakout phase.
Strong hands already know what comes next.You ride either … or chase it. pic.twitter.com/Ci5x98hsil
– Merlin Trader (@Merlijntrader) July 7, 2025
Details about the altcoin pump
Merlijn later shared another striking hypothesis about the imminent Altcoin pump that the market is desperately waiting for. When he talked about it in depth, the expert noted how the Altcoin market shows the same structure as it had portrayed back in 2017 and 2018.
“Do you see it yet? The Altcoin market follows exactly the same structure as 2016–2018. Only within a much larger time frame. Falling wedge → Breakout → Parabolic expansion. It happened before. It happens again. Pump 2.0 will.”
Do you see it yet?
Altcoin Market Cap follows exactly the same structure as 2016–2018.
Only within a much larger time frame.
Falling wedge → Breakout → Parabolic expansion.
It happened before.
It happens again.Pump 2.0 is coming. pic.twitter.com/U1egdwr6qr
– Merlin Trader (@Merlijntrader) July 7, 2025
But another remarkable analyst, Benjamin CowenThink that the next Altcoin pump may arrive by the end of this year.
“I think it’s possible! But the last 2 alt seasons were this year after half (2017 and 2021). So if we get one, it probably wouldn’t be until much later this year or next year.”
I think it’s possible! But the last 2 alt seasons were during years after half (2017 and 2021). So if we get one it probably wouldn’t be until much later this year or next year.
– Benjamin Cowen (@intocryptoverse) May 8, 2024
Also read: This Bitcoin investor turned $ 7800 into $ 1 billion: Can you too?