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- Bitcoin price slips below the $100,000 price mark leading to altcoin dominance theories.
- Altcoin Internet Computer shows strong bullish signs of 750% parabolic pump.
- This altseason peak phase could usher $79 ICP price target.
Bitcoin price has broken its 6-digit price hold and has fallen to prices below $100,000 bringing the Crypto Fear & Greed Index score to 71, a noticeable fall yet still keeping the market sentiment at ‘Greed’ levels. Many analysts expect this to be a small retracement before a massive pump to hit the next BTC ATH target which is set at $120,000.
Bitcoin’s Dip Shines Light on Altcoins
Meanwhile, analysts are taking this time to shift focus to the many bullish altcoins in the crypto market. High anticipation surrounds the altcoin market in particular this quarter. This is because every Q1 following a Bitcoin Halving year has always ushered in the peak of that crypto bull cycle’s altseason.
As we enter the thick of this Q1 period, expectations for altcoin price pumps are growing significantly stronger. While many altcoins have already pumped respectably this cycle, many still show indicators for greater pumps ahead while other altcoins just seem to be getting started.
750% Parabolic Surge for ICP
Due to $ICP (Internet Computer)'s holding of Higher Lows here and an older breakout, we continue to target the $79.572 level and prices may only be preparing here to continue in an over 750% run to reach it! https://t.co/qJW6FqD6XI pic.twitter.com/XY0v8Bd6Oc
— JAVON⚡️MARKS (@JavonTM1) January 26, 2025
One such altcoin is Internet Computer (ICP), an asset that is presently valued at $8.44 according to CoinMarketCap analytics. The analyst in the post above says that with the asset’s holding of higher lows paired with an older breakout at the moment, ICP will most likely continue to target the $79.572 price level. This points to a major pump of over 750% in the days ahead.