The prospect of Bitcoin hitting $100,000 has gained traction due to expected U.S. regulatory changes and robust institutional support. Traders from QCP Capital have noted that BTC predictions have become more realistic, as recent movements show Bitcoin remains well supported despite some ETF outflows. Significant purchases from firms like MicroStrategy signal strong backing for Bitcoin. Analysts expect a general altcoin season to follow as Bitcoin’s market dominance dips below 58%. However, concerns linger about potential market corrections. Augustine Fan from SOFA pointed out that the current higher dominance of Bitcoin might not bode well for the broader crypto ecosystem, forecasting a possible blow-off top soon. This pattern indicates a rapid price rise followed by a sharp drop, potentially revisiting previous highs around $69,000. There's caution as increasing scrutiny from the U.S. Federal Reserve could dampen Bitcoin's appeal if interest rates remain stable, complicating investor sentiment. Overall, while optimism about a new bull run abounds, vigilance regarding short-term volatility is advised.

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