Will the 'Alt Rally' Come This Year-End... "Buying Opportunity at $90,000 for Bitcoin"

An analysis has emerged suggesting that the decline in Bitcoin (BTC) prices by the end of the year could lead to an altcoin rally.

According to CoinDesk on the 24th, Singapore-based virtual asset management firm QCP Capital stated, "This Friday, $20 billion worth of Bitcoin and Ethereum (ETH) options will expire," adding, "All eyes are currently on this massive expiration."

QCP Capital believes that the option expiration is increasing Bitcoin's volatility, making it possible for funds to move to altcoins. QCP Capital noted, "While Bitcoin is struggling below $100,000, the altcoin uptrend could resume." A similar trend was observed last month when Bitcoin prices hovered around the $90,000 to $100,000 range.

There are also forecasts that Bitcoin prices could fall further. This is due to the Federal Reserve's announcement of a slowdown in rate cuts and Federal Reserve Chairman Jerome Powell's firm statement, "We cannot own Bitcoin," regarding the strategic reserve of Bitcoin expected to be pursued in the 'Trump 2nd term' government.

However, there is also an analysis that if Bitcoin prices fall to $90,000, it could be a buying opportunity. Alex Kuptsikevich of trading platform FxPRo analyzed, "There is a possibility that Bitcoin could plummet to the $70,000 level," but "(however) if it adjusts to the $90,000 level in the coming weeks, it is more likely to be attractive to buyers."