Bitcoin Price May Consolidate Under $95K Until Year-End, Boosting Altcoin Season, Analyst Predicts

According to a recent market analysis, Bitcoin (BTC) could experience a period of consolidation, trading below the $95,000 threshold through the end of the year. This phase of sideways movement, often referred to as "chopping," is seen by the analyst as a potential catalyst for capital rotation into alternative cryptocurrencies (altcoins). The prediction suggests that while Bitcoin's price action remains range-bound, investors might seek higher returns in the altcoin market, potentially triggering a significant altcoin rally. This scenario highlights a common market dynamic where Bitcoin stability or consolidation often precedes increased volatility and growth in smaller-cap digital assets. The analyst's outlook points to a nuanced market structure heading into the new year, with distinct opportunities across different segments of the crypto ecosystem.