Bitcoin is making significant strides upward, creating waves in the altcoin market including HYPE, BCH, LINK, and SEI. Analysts are examining current trends and making future predictions.
Bitcoin Price Prediction
Bitcoin ([BTC](https://cointelegraph.com/bitcoin-price 'null')) has managed to rebound over 6% this week, indicating strong buyer interest near the $100,000 mark. Analyst Rekt Capital noted that if Bitcoin achieves its all-time high weekly close at $109,000, it may pave the way for new growth. However, there is a potential for sellers to reenter the market as the price approaches significant levels.
Market Changes: Impact on Altcoins
Bitcoin's strength has acted as a catalyst for buying activity in several altcoins, which are beginning to bounce off their support levels. Should Bitcoin establish a new all-time high, select altcoins are likely to extend their relief rallies by breaking above their respective resistance levels.
Predictions for HYPE, BCH, LINK, and SEI
Hyperliquid (HYPE) has shown volatility as Bitcoin supports its price. It fluctuated below the 20-day EMA ($37.14) but has managed to regain this level. Bitcoin Cash ([BCH](https://cointelegraph.com/bitcoin-cash-price-index 'null')) faces selling at the $500 level yet maintains its ground. Chainlink ([LINK](https://cointelegraph.com/chainlink-price-index 'null')) continues to cling to the 20-day EMA ($13.27), while Sei ([SEI](https://cointelegraph.com/sei-price-index 'null')) broke above the 50-day EMA ($0.21) and reclaimed prices above $0.29, signaling potential for further upward movement.
Recent growth in Bitcoin supports a positive market sentiment, and if trends persist, altcoins HYPE, BCH, LINK, and SEI may attract increased attention. Analysts continue to monitor key support and resistance levels to determine the market's future direction.
