In recent days, the cryptocurrency market has shown activity, particularly Bitcoin, which has risen above $108,000. Let's review the current state of key cryptocurrencies.
Bitcoin: Price Prediction
Bitcoin ([BTC](https://cointelegraph.com/bitcoin-price 'null')) experienced a rally that began after the announcement of a "total ceasefire" between Israel and Iran. The cryptocurrency rose above $108,000, indicating sustained demand from investors. However, reaching an all-time high of $111,980 may encounter difficulties. Continued buying by institutional investors is evident despite increasing geopolitical tensions, as demonstrated by an 11-day streak of inflows into Bitcoin spot ETFs, which attracted $3.35 billion since June 9.
Altcoins Predictions
Several major altcoins, such as Ethereum ([ETH](https://cointelegraph.com/ethereum-price 'null')) and XRP ([XRP](https://cointelegraph.com/xrp-price-index 'null')), have bounced off their recent lows but are struggling to find buyers at higher levels. For instance, Ethereum rose to $2,473, and if it breaks above the moving averages, it could reach $2,879. XRP, after bouncing from a support level of $2, may remain in a range between $2 and $2.65 for the coming days.
Conclusion on Current Trends
Thus, the cryptocurrency market shows mixed signals. Bitcoin, despite an intriguing rise, faces certain obstacles in its path to new heights, while altcoins exhibit uncertainty amid overall market activation.
Overall, the cryptocurrency market presents an intriguing landscape with Bitcoin's continued prominence, though upward momentum towards significant highs requires fresh catalysts.
