Bitcoin Nears $120K as Altcoins Surge Past $1 Trillion Amid Early Signs of Market Rotation
The post Bitcoin Nears $120K as Altcoins Surge Past $1 Trillion Amid Early Signs of Market Rotation appeared on BitcoinEthereumNews.com.
Bitcoin is rapidly approaching the $120,000 mark as altcoins collectively surpass a $1 trillion market cap, signaling a pivotal shift in crypto market dynamics. Altcoins such as Solana and Chainlink are gaining momentum, breaking key resistance levels while Bitcoin dominance dips below 61%, indicating a broadening market rally. According to COINOTAG, increased retail and institutional interest is driving a rotation from Bitcoin to altcoins, fueling a potential altseason with significant upside potential. Bitcoin nears $120K as altcoins surge past $1 trillion, driven by institutional and retail interest amid a shifting crypto market landscape. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Bitcoin Nears $120K Amid Signs of a Parabolic Rally Bitcoin’s recent surge to $117,418, representing a 7.5% gain, underscores growing market optimism for a sustained parabolic rally. Historical data, analyzed by experts like Merlijn The Trader, shows Bitcoin’s price consistently hugging a long-term exponential growth trendline since 2012. This pattern, characterized by steady appreciation followed by sharp upward spikes, suggests the current market phase is poised for significant upward momentum. Importantly, the market has yet to enter the euphoria stage, which typically precedes major price peaks, indicating further room for growth. Altcoins Break Resistance as TOTAL3 Surpasses $1 Trillion Beyond Bitcoin’s momentum, the altcoin market is exhibiting robust strength. The TOTAL3 index, which excludes Bitcoin and Ethereum, recently surged 8.85%, breaking out of a prolonged falling wedge pattern.…
Filed under: News - @ July 19, 2025 7:35 pm