Bitcoin's recent surge to new all-time highs, fueled by strong institutional inflows and positive market sentiment, has triggered a ripple effect across the cryptocurrency market, boosting the prospects of several altcoins. With Bitcoin eyeing the $120,000 mark, Ethereum (ETH), Hyperliquid (HYPE), Uniswap (UNI), and Sei Network (SEI) are experiencing increased attention and potential for further gains.
Bitcoin's Bullish Momentum: Bitcoin has been on a tear, reaching a new all-time high of $116,868. As of July 11, 2025, it is hovering above $116,600, with analysts suggesting that a continued upward trend could propel it towards the $120,000 psychological level. This bullish momentum is supported by a strong Relative Strength Index (RSI) reading of 71, indicating significant buying pressure. The Moving Average Convergence Divergence (MACD) indicator also displays a bullish crossover, further reinforcing the positive outlook. Analyst Markus Thielen, head of 10x Research, estimates a 60% probability of Bitcoin rising more than 20% in the next two months. Kyle Reidhead, co-founder of Milk Road, is even more optimistic, projecting a target of $150,000 for BTC.
Ethereum's Potential Breakout: Ethereum is currently trading around $2,970, flirting with the critical $3,000 resistance level. A decisive close above this level could trigger a rally towards the next resistance at $3,730. Bullish sentiment is growing, driven by spot ETF inflows and network upgrades. Market analysts predict ETH could close 2025 between $3,500 and $6,000, with key support levels between $2,600 and $3,000. Technical indicators also point to a potential short-term rise.
Uniswap's Bullish Signals: Uniswap, a decentralized exchange (DEX) at the center of the DeFi Hype in 2020, is showing bullish signals. Technical analysis suggests a strong short-term trend with the 50-day moving average rising. The 200-day moving average has also been rising since July 7, 2025, indicating a strong longer-term trend. Predictions for Uniswap's price vary, with some suggesting a potential rise to $11.71 by August 9, 2025.
Sei Network's Promising Outlook: Sei Network, known for its lightning-fast trades and low fees, has garnered a solid fan base since its launch in 2023. Daily activity on the network has tripled in the last quarter, with the total value locked (TVL) nearing $1.13 billion. Transaction fees have also surged, indicating strong demand. Some analysts believe the SEI token could climb towards $0.50 before autumn. Sei is also one of two blockchains short-listed for Wyoming's state stablecoin pilot, which could further boost trust in the network.
Overall Market Sentiment: The cryptocurrency market is currently experiencing a wave of optimism, driven by Bitcoin's impressive performance and positive developments in the regulatory landscape. Institutional investors are showing increased interest, with significant inflows into spot Bitcoin ETFs. As Bitcoin continues its upward trajectory, select altcoins like ETH, HYPE, UNI, and SEI are likely to benefit from the positive market sentiment and attract further investment. However, traders should remain cautious and monitor market conditions closely, as pullbacks and corrections are always a possibility.
