Bitcoin has held steady above the $100,000 mark – a level once thought unreachable. Yet, the mood in the market is far from euphoric.
Market watchers say the calm reflects investor complacency, and that the next decisive breakout will reveal whether capital remains in Bitcoin or begins rotating into altcoins.
As traders eye the next move, attention is shifting toward utility-driven projects like Remittix (RTX). The rising PayFi token is drawing institutional attention for its real-world payment use. With altcoin momentum building and Remittix leading the charge, the crypto market could be on the verge of a major rotation.
Bitcoin Price: A Stress Test, Not A Celebration
The Bitcoin price sees the asset changing hands for approximately $106,423. However, Mike McGlone, senior analyst at Bloomberg Intelligence, thinks that what appears to be stability might actually be extreme complacency. In the latest market note, McGlone says that Bitcoin’s inability to sustain momentum above $110,000 leaves it exposed to a potential retest of its long-term average near $56,000 if macro conditions tighten.
His analysis shows Bitcoin’s 50-week trend flattening alongside unusually calm volatility readings in both the VIX and S&P 500, a setup he calls “do or die” for digital assets. With the correlation between Bitcoin and U.S. stocks still above 0.53, any shift in traditional markets could spark sharp moves. For long-term holders, this phase may not be a victory lap as it’s a test of conviction. If Bitcoin fails to hold, that could trigger the long-awaited rotation into altcoins that traders have been waiting for.
Why Remittix (RTX) Stands Out If Altcoin Season Kicks In
If altcoin season does take off from this “do or die” zone for the Bitcoin price, projects with real-world use will likely lead the way. Remittix (RTX) is one of the clearest examples in that group. It is a PayFi project built to let users send crypto directly to bank accounts in 30+ countries, with real-time FX built into each transfer.
Here are reasons RTX fits an altcoin season watchlist:
- Remittix has raised more than $28 million and has a current price of $0.1166.
- The BitMart listing was locked in after the raise passed $20 million, and LBank followed once it crossed $22 million, with a third CEX listing on the way.
- The wallet beta is live with community testers, and the project is fully verified by CertiK, where it holds the #1 rank for pre-launch tokens.
- There is also a 15% USDT referral paid daily via the dashboard and a $250,000 giveaway to reward early users.
What Today’s Bitcoin Price Could Mean For The Next Altcoin Wave
The current Bitcoin price above $100,000 is less about celebration and more about what comes next. If BTC holds this range and avoids a hard drop toward $56,000, it gives altcoins room to run as traders look beyond the main asset for bigger gains. That is where names like Remittix and other high-utility projects may begin to shine.
For now, the quiet around BTC is the calm before a move, and how that move plays out will likely decide whether November belongs to Bitcoin alone or to a full wave of altcoins riding in its shadow.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
Disclaimer: This content has been supplied by a third party contributor. Brave New Coin does not endorse or promote any products or services mentioned herein. Readers are encouraged to conduct independent research before making any financial decisions. The information provided is for informational and educational purposes only and should not be interpreted as investment advice.