ARTICLE AD BOX
- Bitcoin enters a new phase, breaking a 1,279-day resistance and paving the way for altcoin market growth.
- Institutional adoption of Bitcoin strengthens its position as a mainstream financial asset, signaling long-term market transformation.
In November 2024, Bitcoin (BTC) achieved a significant milestone by surpassing a 1,279-day resistance range that had restricted its price to $65,000 to $74,000 since April 2021.
Alan Santana, a well-known crypto analyst on TradingView, claims this heralds a new phase for the coin as it enters price discovery—a period where “everything is possible.” Santana says:
“We are in this amazing position now where we know what will happen, with certainty beforehand. We know 2025 and beyond. We know the bull-market of 2025 and the Altcoins are still trading low.”
Bitcoin’s Leadership Sets the Stage for Altcoin Trends
The explosive rise of Bitcoin has not only changed market sentiment but also highlighted its leadership position. Historically, the way that Bitcoin’s swings open the path for comparable altcoin trends. “Seeing Bitcoin this high,” Santana says, “we know the altcoins will follow. It is constant, like clockwork: 2021, 2017, 2013. 2024 is drawing to a close; 2025 comes next. It will be significant.
Institutional interest is growing as Bitcoin trades at about $97,104.91 and gains 3.64% over the last 24 hours, and 9.07% over the last 7 days, therefore driving its market cap beyond $1.90 trillion.
In line with the rising trend of companies and well-known personalities using Bitcoin into conventional financial strategies, CNF previously revealed that Hoth Therapeutics paid $1 million to Bitcoin as an inflation hedge.
Prominent supporters include Senator Cynthia Lummis, Michael Saylor, and Robert F. Kennedy Jr., who have constantly supported Bitcoin’s possibilities as a store of value and main asset in contemporary financial systems. This mounting institutional support points to a change in view: Bitcoin is now a real part of diverse portfolios rather than only a speculative asset.
Emphasizing the need for strategic planning, Santana orders investors to get ready for the approaching bull market. Looking back over previous cycles, he says, “We prepared for 800%, and the pair grew 5,000%. We got ready for 2,500% the next time; the duo grew 8,000%. How ready are you right now for the approaching bull market?
Altcoins and Crypto Adoption: A Long-Term Opportunity
Since altcoins are still somewhat cheap, Santana predicts that their present low values will soon be forgotten. Given the transforming dynamics of cryptocurrency, he counsels investors to give long-term strategies top priority.
“Crypto is young but growing and evolving every day,” he notes, stressing the sector’s potential for continuous expansion comparable to that of established stock markets after maturity.
The rise of Bitcoin coincides with a period when the space of cryptocurrencies is becoming mainstream. Growing acceptance of digital assets and blockchain technology’s inclusion into many sectors point to a change toward more general adoption.
Santana ends, “Cryptocurrency is now mainstream; the dynamics are shifting and for the better. Anticipate the highest increase—2024, 2025, 2026, 2027, 2029, and so on.”
The market is about to undergo a transforming phase with Bitcoin leading the charge and altcoins ready to follow. For those that plan and get ready for the long run, the road ahead appears bright as institutions and individual investors match their strategies with this developing reality.