Bitcoin stabilized near $118,000, following a recent surge, while Ethereum led altcoin gains, exceeding $3,144. Analysts attribute the pause to profit-taking after Bitcoin’s 33% rally. Experts like Srinivas L suggest ‘buy-the-dip’ strategies, anticipating consolidation above $117,000 and a potential rise to $125,000–$127,000. Sathvik Vishwanath highlights strong ETF inflows and expects Bitcoin to target $130,000–$135,000, with optimistic long-term forecasts.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets