QCP traders foresee Bitcoin hitting $100,000, which would represent a nearly 10% increase from its current record of over $93,000. This anticipated surge in Bitcoin's price is expected to trigger a broader uptick in altcoins, signalling the onset of what is often referred to as an “alt season”.
However, despite their optimism, traders are also sounding a cautionary note about a potential blow-off top in the near term—when market sentiment climaxes before a sharp correction. As investor excitement builds, the possibility of a sudden downturn reminds market participants to remain vigilant.
