Expectations that Bitcoin will reach $120K are adding fuel to select altcoins such as ETH, HYPE, UNI, and SEI . Bitcoin has been on a roll, rising above $118,800 on Friday, indicating sustained buying by the bulls and short covering by the bears . CoinGlass data shows that roughly $570 million in BTC short positions were liquidated on Thursday . Another positive is that the US spot Bitcoin exchange-traded funds (ETFs) witnessed the second-largest daily inflows of $1.17 billion on Thursday, according to Farside Investors data . That suggests the institutional investors expect BTC's up move to continue .
Market analyst Axel Adler Jr said in a post on X that studying the Market Value to Realized Value (MVRV) oscillator and its data over the past 4 years shows that distribution starts when MVRV hits the 2.75 mark . That corresponds to roughly $130,900 on Bitcoin . Could Bitcoin extend its uptrend, pulling select altcoins higher?
BTC completed a bullish inverse head-and-shoulders (H&S) pattern after breaking above the neckline on Thursday . Usually, after the breakout from a pattern, the price turns down and retests the breakout level . If the BTC/USDT pair rebounds off the neckline, it signals that the bulls have flipped the level into support . That increases the likelihood of the continuation of the uptrend toward the pattern target of $150,000 . The first sign of weakness will be a break and close below the neckline . That signals profit-booking at higher levels . The bears will have to pull the price below the 50-day simple moving average ($106,981) to gain the upper hand .
Analysts predict that the price of Bitcoin is predicted to increase by 8%–12% and may reach $128,000–$132,000 by the end of July 2025, supported by institutional accumulation, ETF-driven supply tightening, and growing adoption as a strategic reserve asset .
Regarding Ethereum, it is expected to test $3,000 following strong ETF and treasury inflows . Ethereum has surged over 15% in the past three days, fueled by Bitcoin's rise, ETH ETFs and treasury inflows . If ETH maintains the move above $2,850 and clears the resistance near $3,000, it could stretch its rally to $3,200 .
Regarding Uniswap (UNI), crypto analysts expect that at the end of summer 2024, the UNI price will be around $11.23 . In August 2025, the cost may drop to a minimum of $10.04 . The expected peak value might be $12.41 in August 2025 .
Regarding Sei (SEI), there is a high likelihood of a bull market for SEI in 2025 . As a result, the price of Sei could reach $0.9010 in 2025, which represents a increase of 167.34% from the current price .