Key Insights:
- Bitcoin price has touched a new all-time high, soaring past the $126k mark.
- Top trader James Wynn has shared a Bitcoin price prediction of $200k.
- A renowned market expert expects the altcoin sector to provide returns of 500% this cycle.
Bitcoin (BTC) has been the talk of the crypto town, with an expert recently revealing a Bitcoin price prediction of $200,000. Notably, the crypto has recorded a robust rally and touched a new all-time high this week, indicating sustained investors’ confidence.
Although it has pared some of its gains today, it still hovered near its all-time peak. However, despite BTC’s rally, some market watchers are concerned about the potential impact of the BTC price rally on the altcoins.
Meanwhile, Ethereum price has also caught attention with its recent rally to over $4,700. This indicates that the investors are eventually shifting focus to the altcoin segment alongside their heavy bets on BTC.
Now, the renowned trader and market expert, who has shared the Bitcoin price prediction to $200k, also shared some key insights. For context, he has also shared a roadmap for the altcoin sector, suggesting how the BTC peers will perform in the run to its $200k milestone.
Bitcoin Price in Green: New ATH Incoming?
Bitcoin price has recorded marginal gains today and traded at $124.14k, while its one-day trading volume soared 27% to $70 billion. Notably, the crypto has touched an all-time high of $126,198 in the last 24 hours, while touching a daily low of $123,431.
The interest of the investors is still evidenced by the recent continuing rally in the asset. BTC price has recorded a weekly rally of 10%, while adding more than 12% over the last 30 days.
On the other hand, CoinGlass data showed that BTC Futures Open Interest soared around 0.5% to $93 billion. Despite the derivatives data and investors’ interest, it seems that the institutional interest has fueled the recent rally.
For context, the US Spot Bitcoin ETF has started the week with a robust inflow of $1.19 billion on October 6. This comes after the investment instrument recorded an inflow of $3.3 billion last week, which indicates a sustained interest from the large institutions.
Roadmap of $200k Bitcoin Price Prediction
In a recent X post, renowned trader and market expert James Wynn has shared a roadmap for Bitcoin price going to $200k and its influence on the altcoins.
Wynn noted that the BTC price will clear the resistance at $130k in the near future, before clearing the $140k and $150k zones.
However, he noted that once it reaches the $150k level, there could be a pullback again to $120k level. However, this pullback would be beneficial for the altcoins, as it could trigger a “huge alts move.”
Meanwhile, he noted that once the altcoin sector makes a huge move, BTC will once again bounce back to $150k. While a consolidation is expected following that, it will eventually continue its run to $200k.
Echoing a similar sentiment, analyst Michael van de Poppe also said that Bitcoin price is gearing up for a breakout to $150k.
However, once it hits the $150k level, there could be a sharp pullback, which might drag down the BTC price to $121k.
What’s Next for the Altcoin Sector?
For the altcoin sector, Michael van de Poppe said that the “roadmap is still very clear.” According to the expert, Bitcoin price will continue to run north before consolidating.
However, it would allow Ethereum price to reach a new high, which would trigger a massive rally in the altcoins. Poppe said that it is just the “start of the uptrend.”
Besides, he said that the outperformance of the altcoin will continue through April or May in 2026.
In addition, he also predicted that the altcoin segment is poised to give returns of between 200%-500% once altcoins start outpacing ETH and Bitcoin price.