Bitcoin Price Breaks $97000: What’s Next?

Monicah W

The post Bitcoin Price Breaks $97000: What’s Next? appeared first on Coinpedia Fintech News

Bitcoin has reached a new high of $97,000, continuing its strong price climb. At the moment, Bitcoin is trading just under $97,000. It recently broke through the $96,000 level and is showing signs of strength on the daily and weekly charts. Some price pullbacks are still expected, but the overall trend remains upward.

Analysts are now watching closely for the next major price levels as this rally could drive the entire crypto market higher. In the second quarter of 2025, Bitcoin is showing strong bullish indicators. It recently cleared its 200-day moving average and is building strong support.

Additional support levels at $95,797 and $96,441 are also being monitored as part of a broader bullish structure. According to an analyst, a sustained drop below $95,280 could signal the early stages of a larger correction, but as of now, Bitcoin remains firmly above that threshold.

If buying pressure resumes, short-term targets to the upside include $97,325, $98,745, and the psychological milestone of $100,000. These levels represent areas of potential resistance based on recent price dynamics.

The larger trend remains constructive, with bulls aiming for a continuation of the uptrend toward the $115,000–$120,000 range later this cycle—provided current support zones hold.

Market Outlook: More Gains Ahead?

The strong Bitcoin rally could push other cryptocurrencies like Ethereum, XRP, and Solana higher as well. This pattern, seen in past bull markets, usually starts with Bitcoin leading the way, followed by altcoins gaining momentum as investor money spreads across the market.

While pullbacks are expected — since prices never go up in a straight line — many experts believe the market is setting up for another major run. A key support level to watch is $95,280. As long as Bitcoin stays above this, there’s a chance for more upside.

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XRP Price Poised for $3.50 Breakout as RLUSD Volume Soars 45%

XRP price today pulled back by 3% as its recent rally took a breather amid a wave of profit-taking among crypto investors. Its dip brought its valuation to $133 billion. However, technicals suggest that the Ripple price is on the verge of a strong surge as the RLUSD stablecoin volume surges by 45%.

XRP Price to Surge to $3.5 as RLUSD Stablecoin Volume Jumps

The XRP price has several catalysts that may propel it significantly higher in the long term. One of these drivers is its potential to disrupt the financial market by disrupting the SWIFT Network that connects over 11,000 banks.

The other key catalysts for the surge is its foray into the stablecoin industry. Ripple USD (RLUSD), its stablecoin, continues to gain market share as its market cap has jumped to nearly $300 million.

CoinGecko data shows that the 24-hour volume of RLUSD increased by 45% to $110 million, indicating growing usage. That figure means that RLUSD is one of the most popular stablecoins in crypto since its daily volume is higher than other well-known names like USDS, Ethena USDe, TrueUSD, and Justin Sun’s USDD.

RLUSD’s volume increase happened a day after it was incorporated in Aave V3. This addition enables AAVE users to supply and borrow it easily. Ripple Labs also made the strategic move to burn 12 million RLUSD tokens, a move aimed at reducing its supply and boosting its demand. Earlier this month, Ripple added RLUSD into its payment network, which will eventually lead to higher volume over time.

Ripple Price Analysis and Targets

The ongoing growth of its stablecoin and the recent end of its legal issues has fueled optimism that XRP price is about to surge. One crypto analyst who has followed it for years now believes that the coin will eventually hit $1,000. This is unrealistic, as it would push its market cap to $100 trillion.

XRP Price to $1,000
XRP Price to $1,000

Still, a simple technical analysis shows that the coin is on the verge of a rally, possibly to the psychological point at $3.5.

The three-day chart below shows that it has formed two highly bullish chart patterns that may fuel this surge. The orange lines show that it has created a falling wedge pattern whose trendines are about to meet.

XRP price has now flipped the upper side of this pattern, potentially confirming this breakout. The coin has also formed a bullish pennant pattern, a positive technical formation characterized by a vertical line and a triangle.

XRP Price Chart
XRP Price Chart

Therefore, the value of XRP is likely to surge to its year-to-date high of $3.4. Rising above that level will increase the possibility of it reaching $3.5, a 60% increase from the current point.
A plunge below the year-to-date low of $1.6225 will cancel the bullish outlook. Such a crash may put it in danger of a drop to $1.

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Most Altcoins Face Rapid Decline Against Bitcoin, Study Shows

A recent study by Swan, a Bitcoin financial services company, has revealed that most alternative cryptocurrencies (altcoins) experience rapid and systemic depreciation when measured against Bitcoin (BTC). 

The findings highlight Bitcoin’s role as a more stable asset for capital preservation in the fluctuating cryptocurrency market.

Bitcoin vs. Altcoins: Which is Better? 

Swan shared its insights in a detailed thread on X (formerly Twitter). 

“Altcoins don’t just underperform Bitcoin. They collapse against it,” the post read.

The analysis examined the performance of the top 300 altcoins over five years. It focused on the time it takes for these assets to lose 90% of their value relative to Bitcoin after reaching their all-time highs (ATH).

“The median altcoin reached a -90% drawdown in just 10–20 months,” Swan revealed.

Moreover, according to Swan’s data, Terra (LUNA1), Ontology Gas (ONG), and Bitgert (BRISE) collapsed the fastest, hitting the 90% drawdown mark in under two months. Larger, more established altcoins were not immune to this trend. 

For instance, Cardano (ADA) and XRP (XRP) took 36 months to depreciate 90% from their record peak. Meanwhile, Litecoin (LTC) experienced a gradual decline, taking 69 months. Monero (XMR) saw the slowest drop, taking six years to reach a -90% drop.

Altcoin’s Performance Compared to Bitcoin
Altcoin’s Performance Compared to Bitcoin. Source: Swan

Swan’s analysis extends to 45 altcoins that have not yet experienced the 90% decline. While they have not yet “collapsed,” the data suggests they are merely delaying their inevitable losses. 

The average drawdown for these altcoins is 76% from their peak value. Even the best-performing altcoin among them is still down by 43% compared to BTC.

“Bitcoin remains the benchmark for capital preservation. These assets don’t hedge Bitcoin — they bleed against it,” Swan added.

The findings point to a systemic issue within the altcoin space. The data suggests that altcoins, often marketed as alternatives to Bitcoin, fail to deliver sustained value over time compared to the leading cryptocurrency.

Swan also stressed that long-term outperformance by altcoins is exceptionally rare. Furthermore, the firm believes survivorship bias — the tendency to focus on successful projects — has hidden the widespread decay across the broader market.

“With performance like this, it’s astonishing that altcoins continue to exist. Then again, humans love gambling,” Swan executive John Haar remarked.

Why Altcoin Season Might Never Return?

The growing saturation in the altcoin market adds to the concerns. According to CoinMarketCap (CMC) data, over 1.8 million tokens have been created in just the past month. 

However, the vast majority of these tokens fail to deliver. BeInCrypto recently reported that 89% of tokens listed on Binance in 2025 are in the red. Thus, newer altcoins’ value is driven more by short-term trading and hype rather than any lasting fundamentals.

In addition, this surge in the number of tokens has fragmented market liquidity. These factors have even delayed the long-anticipated “altcoin season.” Yet, some analysts even argue that the traditional altcoin season may never return.

This shift is largely due to Bitcoin’s increasing dominance in the market, bolstered by institutional adoption and growing regulatory attention. While Bitcoin solidifies its position as the dominant digital asset, the same cannot be said for altcoins, which struggle to maintain relevance and investor interest in the face of Bitcoin’s continued rise.

The post Most Altcoins Face Rapid Decline Against Bitcoin, Study Shows appeared first on BeInCrypto.