Altcoin Season Could Explode If Bitcoin Holds Above $100K

Key Points

1. Bitcoin is currently testing the $110K resistance level, with a potential breakout toward $120K if it holds above $100K; a drop below could see prices fall to around $88K.

2. Standard Chartered predicts Bitcoin could reach $120K by August, though short-term dips are expected.

3. Global liquidity remains tight with high interest rates (~4.5%), but anticipated rate cuts in late 2025 could boost market liquidity and benefit risk assets like Bitcoin and altcoins.

4. Total Value Locked (TVL) in DeFi is nearing $115 billion, close to its 2021 peak, indicating underlying strength in the altcoin market despite subdued prices.

5. Ethereum is rangebound around $2,500, with potential for a breakout if macro conditions improve, historically showing strong Q4 performance (average 24% returns).

6. The Fear and Greed Index is neutral (46), suggesting a lack of retail FOMO, which often precedes explosive altcoin moves.

7. Bitcoin's dominance remains high, but a shift in market conditions could trigger an altcoin season where altcoins outperform Bitcoin.