- Altcoin Buzz predicted that Bitcoin can drop to the $87,000-$90,000 price region.
- The analyst stated that SUI could touch $5-$6 “pretty soon.”
- The analyst also predicted that AAVE could hit $600 in the first quarter of 2025.
Bitcoin faced rejection at the $100,000 mark in the past 24 hours and now trades at $95,600, with risks of a further decline. According to Altcoin Buzz, the leading cryptocurrency might dip to the $87,000-$90,000 range before staging a recovery in 2025.
Mt. Gox and FTX Repayments Could Shape BTC’s Future
In a YouTube video, Altcoin Buzz explained that while Mt. Gox repayments might increase selling pressure, FTX’s cash repayments could offset the impact by injecting liquidity into the market. This liquidity could support purchases of Bitcoin and altcoins.
Read also: Altcoins Rally as Bitcoin Dips, Bucking Market Expectations
Additionally, MicroStrategy’s ongoing BTC acquisitions might fuel a stronger rally, according to the analyst.
Altcoins to Watch: SUI, USUAL, LINK, and HYPE
Altcoin Buzz also highlighted several altcoins expected to perform well in the near term:
- SUI Network (SUI): The network reached a $2 billion total value locked (TVL) and announced the launch of USDT on its blockchain. Altcoin Buzz predicts that SUI’s momentum could push its price to $5-$6 soon.
- USUAL: Backed by Binance Labs and Kraken Ventures, this decentralized fiat stablecoin platform recently hit a TVL of $1.42 billion and an all-time high of $1.64.
- Chainlink (LINK): The analyst noted that LINK remains undervalued, with whales, including Donald Trump’s World Liberty Finance, purchasing the asset. If LINK holds above $360, it could reach $600 by Q1 2025.
- Hyperliquid (HYPE): Despite potential short-term drops to $23 or $18, Altcoin Buzz expects significant gains for HYPE in 2025.
ETH May Shine in 2025
Ethereum (ETH) struggled throughout 2024 but could rebound strongly in 2025. The recently approved BlackRock ETH ETF (ETHA), holding 1 billion ETH worth $3.4 billion, is seen as a major catalyst. While ETH has yet to reach its all-time high, Altcoin Buzz predicts a breakout will likely trigger an altcoin season.
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