While Bitcoin remained relatively stable above $105,000, uncertainty in the crypto market fueled a sell-off across altcoins. Dogecoin (DOGE) and Cardano’s ADA led the charge downwards as profit-taking and regulatory concerns weighed down various tokens. Tron emerged as the only notable gainer, with a surge of 1.9%. Analysts remain optimistic about Bitcoin’s long-term prospects, citing strong institutional interest as a key factor. They believe the recent rise from around $103,000 on May 31 could signal a future rally, potentially pushing prices above $130,000. However, some analysts are cautious, with CryptoQuant predicting a short-term correction before Bitcoin resumes its upward trajectory towards new highs. Ethereum (ETH) is also facing resistance at the 200-day moving average, though a breakout above $2,700 could indicate renewed bullishness.