ETH, LINK, AAVE and BGB move higher as Bitcoin inches toward new all-time high
Bitcoin bulls are attempting to push BTC price above teh $104,088 all-time high, and charts suggest ETH, LINK, AAVE and BGB will be the first to breakout.
Bitcoin (BTC) recovered sharply from the weekly lows and is charging toward the all-time high of $104,088. VanEck expects the cryptocurrency bull market to hit its first peak in the first quarter of 2025. After that, the asset manager anticipates a 30% pullback in Bitcoin and a sharper retracement of up to 60% in altcoins. The recovery is expected to begin in fall, with “major tokens regaining momentum and reclaiming previous all-time highs by the end of the year.”
Another bullish voice was that of Bitcoin mining industry researcher Danny Marques, who studied Bitcoin’s three previous bull cycles. Marques believes that Bitcoin could reach between $173,646 and $461,135 in 2025, barring any macro deterioration like 2020.
Crypto market data daily view. Source: Coin360
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Author: Rakesh Upadhyay
