News View Non-AMP

Altcoin Mania Incoming: Bitcoin Confirms Breakout, XRP Price Targets $3

Published by
Anjali Belgaumkar and Qadir AK

The crypto market is rising again as Bitcoin’s price surged from $113,000 to $117,000 in a single day, currently hovering around $116,000. This fresh breakout hints at the possible start of a new bull rally, with analysts expecting more gains ahead.

As always, market volatility is expected, with price swings and retests of support levels. But the overall trend is clearly bullish. Despite months of market fears like tariffs, war news, and regulatory crackdowns, on-chain data and market charts have consistently supported that a bull market was still intact, and it’s now showing on the price charts.

Not just Bitcoin, but altcoins are waking up too. Ethereum has crossed $2,900, up 14% this week. XRP surged to $2.57, gaining 13%, while Solana rose to $164, up 8% in seven days. This pattern follows the typical bull market cycle where liquidity rotates from Bitcoin into altcoins after BTC makes strong moves.

What’s Next For Bitcoin Price?

In technical terms, Bitcoin has also broken out of major resistance areas on multiple charts, including a long-standing descending channel and a bullish cup-and-handle pattern on the 3-day chart. If this breakout holds, it could set Bitcoin on a path toward $150,000 in the coming months.

According to the analysis, the current market structure is holding up well. Key support is sitting at around $112,100, and as long as Bitcoin stays above this level, the upward momentum is expected to continue. A dip below this price would shift attention to lower support areas, including the $107,300 range.

While a short-term pullback could happen, strong rallies like this tend to surprise on the upside. Bitcoin’s recent climb past its earlier resistance levels signals that the market could still have room to run.

Global liquidity is also on the rise, stock markets like the S&P 500 are hitting new all-time highs, and the U.S. dollar is weakening, a combination historically favorable for crypto.

FAQs

How is the crypto market doing today?

As of July 11, 2025, the overall crypto market is showing strong positive momentum, with Bitcoin hovering around its new all-time highs. Major altcoins like Ethereum, XRP, and Solana are also seeing significant gains, indicating a broad bullish trend.

Will Bitcoin price reach new highs?

Yes, Bitcoin has already reached new all-time highs in July 2025, surging past $112,000 and even hitting $116,000. Analysts suggest continued upside potential, with some even forecasting $150,000 or more in the coming months if current momentum holds.

How are altcoins performing during Bitcoin’s rally?

Following Bitcoin’s strong moves, altcoins are also “waking up.” Ethereum crossed $2,900 (up 14% this week), XRP surged to $2.57 (up 13%), and Solana rose to $164 (up 8%). This indicates a typical liquidity rotation.

Is it the right time to invest in altcoins?

With Bitcoin showing strong bullish momentum and liquidity typically rotating to altcoins after BTC surges, many analysts suggest now could be a good time to consider altcoins. However, remember the inherent volatility and conduct thorough research.

Anjali Belgaumkar and Qadir AK

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Solana Sees 370% Jump in Open Interest: Can SOL Price Rebound?

Solana (SOL) saw a massive jump in open interest during July, rising by over 370%,…

August 2, 2025

Cardano’s Long/Short Ratio Slips — Is a Drop Below $0.70 for ADA on the Horizon?

Cardano (ADA) is showing signs of weakness as its long/short ratio drops, signaling a surge…

August 1, 2025

Ripple (XRP) $5 Price Prediction Falls Short as New Disruptor is set to Tenfold Analysts Forecasts

With XRP struggling to hold key support and whales quietly loading up, all eyes are…

August 1, 2025

Breaking Presale Investment: Ozak AI Could Flip $500 Into $50K by Next Bull Market

Ozak AI is catching serious attention as it pushes deeper into its 4th presale stage.…

August 1, 2025

Michael Saylor Reveals Strategy’s $100 Billion Bitcoin Plan

Michael Saylor is doubling down on Bitcoin again. In a recent CNBC interview, he hinted…

August 1, 2025

ChatGPT Predicts the Next Coin That Could Make Millionaires Like Shiba Inu and Pepe Coin

Early investors in Shiba Inu and Pepe Coin saw life-changing returns. Now, ChatGPT and other…

August 1, 2025