- Bitcoin price holds strong despite a dip to lower 6-digit prices.
- Analyst notice a number of altcoins turn bullish.
- Altcoin IO prepares to hit a string of new ATHs at $14, $27, and $55.
Bitcoin price continues to hold strong in its 6-digit price range after a short decline from its recently set ATH of $109,114.88. Presently, the price of BTC stands at $103,136, not to far from its newly set ATH. The current sentiment for the crypto market remains in the ‘Extreme Greed’ zone as the crypto market experiences many bullish signs.
Bitcoin’s Strength Rallies Bullish Altcoins
To highlight, pro-crypto US President Donald J. Trump has officially taken up his mantle and has already begun exercising his power. He began by ensuring that SEC Chairman Gary Gensler resigned and that pro-crypto candidates will take over chair. The response was immediate sending bullish indicators for major altcoins in the space.
Speaking of altcoins, Q1 of 2025 is expected to usher in the peak of this cycle’s altseason. This expectation is based on the historical fact that Q1 following a Bitcoin Halving year is always when the altseason peak occurs. So far, many altcoins have already begun to pump and set new ATH while others are just starting to pump.
Altcoin IO Prepares to Hit a String of New ATHs
One such altcoin is IO. As we can see from the post above, this analyst shares the IO macro chart that shows how the largest decentralized AI computing network will experience almost no inflation until July 2025. The analyst goes on to set a key resistance of $3 and $3.5 with macro bull targets for IO price set at $14, $27, and $55.
