As of the writing, Bitcoin (BTC) stands at $68,000, marking a positive trend for altcoins. The article explores the potential continuation of this trend.

Current Situation on the Crypto Market

Bitcoin reached $68,000, sparking interest among traders and analysts. However, the ongoing question is whether this positive trend will continue. For nearly 250 days, cryptocurrencies have not yielded significant gains, with BTC struggling to rise above $70,000 and altcoins reaching new lows.

Analyst Predictions for Bitcoin Growth

Analyst Cowen shared his predictions for the end of the year and 2025. He believes BTC dominance will reach 60% by December. Though the exact peak is unspecified, it is suggested that increased dominance will likely lead to new highs.

Outlook for Bitcoin and SUI

According to Mister Crypto, BTC is expected to reach $80,000 by the end of October. Another analyst, TraderXO, has set a target of $0.65 for SEI Coin. Historically, a rise in cryptocurrencies occurs by the end of October.

Analysts predict a possible continuation of the current positive trend for Bitcoin, potentially leading to a new peak by the year's end, although certain risks and uncertainties remain.