Bitcoin is poised for further recovery as the cryptocurrency market gears up for new price momentum. With institutional adoption of Bitcoin already raking in new highs, the altcoin market saturation is also up for overhaul, with predictions of an imminent altcoin pump spreading like wildfire in the space.
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Bitcoin Price Prediction: Analyst Says a New Target Is Set In
Per a notable cryptocurrency analyst, Merlijn the trader, Bitcoin is already eyeing a new price target at present. Per the expert, Bitcoin’s chart is displaying a falling wedge and bull flag. This development underlines Bitcoin’s next price push, which can help the token surge beyond the $130,000 price mark.
Merlijn later emphasized the importance of BTC’s breaking point, adding how BTC’s movement is structurally aligned, helping it hit $140,000 as its next big target:
“Bitcoin just broke out of both a falling wedge and a bull flag. That’s not noise; it’s structure. $140,000 is in sight. This is the breakout phase. Strong hands already know what comes next. You either ride it… or chase it.”
Bitcoin just broke out of both a falling wedge and a bull flag.
— Merlijn The Trader (@MerlijnTrader) July 7, 2025
That’s not noise it’s structure.
$140,000 is in sight.
This is the breakout phase.
Strong hands already know what comes next.
You either ride it… or chase it. pic.twitter.com/CI5X98hsil
Details on the Altcoin Pump
Merlijn later shared another striking hypothesis on the impending altcoin pump that the market is desperately waiting for. Speaking about it in depth, the expert noted how the altcoin market cap is showing the same structure that it had portrayed back in 2017 and 2018.
The structure is following a predetermined trajectory. The trajectory includes an array of elements in an orderly fashion, starting with the market portraying a descending wedge first. It is later followed by a breakout and parabolic expansion, post which, Merlijn believes, the real altcoin pump can truly happen:
“Do you see it yet? The altcoin market cap is following the exact same structure as 2016–2018. Just in a much larger timeframe. Descending wedge → Breakout → Parabolic expansion. It happened before. It’s happening again. Pump 2.0 is coming.”
Do you see it yet?
— Merlijn The Trader (@MerlijnTrader) July 7, 2025
The Altcoin market cap is following the exact same structure as 2016–2018.
Just in a much larger timeframe.
Descending wedge → Breakout → Parabolic expansion.
It happened before.
It’s happening again.
Pump 2.0 is coming. pic.twitter.com/u1EGDwR6qR
However, another notable analyst, Benjamin Cowen, believes the next altcoin pump may arrive at the latest by the end of this year.
“I think it’s possible! But the last 2 alt seasons were in post-halving years (2017 and 2021). So if we get one, it would probably not be until much later this year or next year.”
I think it's possible! But the last 2 alt seasons were in post-halving years (2017 and 2021). So if we get one it would probably not be until much later this year or next year.
— Benjamin Cowen (@intocryptoverse) May 8, 2024
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