BTC breaks 100,000! Analysts bullish on these 3 coins for big pump, is altcoin bull market ready to strike?

Mom, I'm here! BTC breaks 100,000 pounds and reaches a new high

Mom, I'm here! BTC broke through the $100,000 mark for the first time earlier today (12/5), marking a major milestone in the cryptocurrency market.

As of the time of writing, the price of BTC is 101,165 US dollars, up 126% from 44,000 US dollars at the beginning of the year. The BTCMarket Cap also surpassed 2 trillion US dollars for the first time, reaching a record high.

Cointelegraph pointed out that there are several good news behind the recent big pump of BTC, including the net inflow of funds of the BTC Spot ETF in the United States exceeding 31 billion US dollars, as well as the main cabinet nominees after Trump's election, etc.

For example, Crypto Assets supporter Paul Atkins, nominated by him, is expected to succeed Gary Gensler as the chairman of the US Securities and Exchange Commission (SEC), which may remove multiple regulatory barriers for the Crypto Assets industry.

Is altcoin ready for a bull run? Analysts are optimistic about these 3 coins for a big pump

As BTC reaches a milestone, Ethercoin ($ETH) has also been performing well recently, breaking through $3,800 at the time of writing, not far from the $4,000 mark, which has aroused curiosity among many investors about whether the altcoin market will see a crazy surge next.

According to the report of "Dailyhodl", well-known Cryptocurrency analyst Bluntz recently shared three Cryptocurrencies that he is optimistic about, which are expected to explode in the future market.

1. chainlink（$LINK）

Bluntz pointed out that Chainlink ($LINK) is brewing a potential surge to $70. $LINK was classified as an underperforming AltCoin in the past few months and is currently in a rapid catch-up phase.

Bluntz predicts that based on Elliott Wave Theory, $LINK is likely to experience an upward fifth wave pattern.

As of the time of writing, the price of $LINK is 23.87 US dollars, and it has risen to a high of 26.59 US dollars in the past 24 hours.

2. Near Protocol ($NEAR)

Bluntz pointed out that the NEAR/BTC trading pair is attempting to break through the diagonal resistance line, with the potential to outperform BTC in the future, calling it the "revenge of the dinosaurs" and implying that these undervalued altcoins will soon return to glory.

At the time of writing, the $NEAR price is quoted at $7.42, with a daily increase of 2.91%.

3. WIF ($WIF)

Bluntz still bullish on the Solana ecosystem meme coin WIF (WIF). From a technical perspective, $WIF has formed an 'inverse head and shoulders patternbullish' structure, and bullish signals have appeared in the trends of WIF/DOGE and WIF/PEPE trading pairs.

Therefore, for WIF investors, the primary goal should be to outperform DOGE.

As of the time of writing, the $WIF price is 3.288 US dollars, with a 0.96% intraday decline, and it rose to 4.83 US dollars at one point in the past seven days.

Although the prospect seems promising, investors still need to be cautious, as the volatility of the encryption currency market is extremely high, and investment risks cannot be ignored. Be sure to carefully assess your risk tolerance and avoid blindly chasing rising prices or selling with a bearish market.

【Disclaimer】There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific situation. Responsibility for investment is at one's own risk.

"Bitcoin breaks 100,000! Analysts are bullish on these 3 coins for a big pump, is the altcoin bull market ready to strike?" This article was first published in "encryption city"