Bitcoin forecasts over $115K amid altcoin rally and market resilience

I believe Bitcoin will rise above $115,000, and altcoins will rally alongside it. The cryptocurrency market has shown a strong reversal after the recent correction, but we should keep an eye on the increasingly nearby major resistance levels. The recent news flow supports a bullish sentiment: major firms like Strategy and Metaplanet are acquiring large amounts of Bitcoin, totaling over 2 billion dollars. Meanwhile, the EU has paused trade countermeasures against the US for six months, which could stabilize international markets and indirectly benefit cryptocurrencies. Additionally, notable companies such as SharpLink Gaming, Ether Machine, BitMine, and GameSquare invested around $3 billion in Ethereum-based tokens, reflecting growing institutional interest. Oil production increases from OPEC+ and financial moves like Verb Technology raising funds to purchase TON tokens further indicate macroeconomic stability and crypto adoption. Tesla's transfer of $30 billion in shares to Elon Musk as part of a leadership incentive shows continued corporate commitment to significant stakeholders in the crypto space. On the downside, there are some concerns: increased restrictions on peer-to-peer transfers in Russia could affect local crypto usage, and theft and hacking incidents—such as the loss of nearly $1 million from a phishing attack—highlight ongoing cybersecurity risks. However, recoveries like Arkham’s discovery of over 127,000 BTC stolen years ago showcase the potential for law enforcement and technology to track and retrieve stolen assets. Overall, the market appears positioned for upward movement, supported by institutional investments and macroeconomic stability, but traders should remain cautious of resistance levels and regulatory developments that could pose short-term challenges.