Bitcoin's $77,700 Threshold: Altcoin Market on Brink of Massive Surge

The altcoin market could be on the verge of a significant surge if Bitcoin manages to hold its current price range. According to Bitget, BTC is currently trading at $78,800, down by 0.2% over the last 24 hours but up by 13% in the past week and almost 25% in the last month.

ETH is also close to reclaiming the $2,500 price range, having risen by over 1% today. Analysts believe ETH is already moving towards the $3,000, $3,400 price range as it jumps up to the next leg of its bull pump journey.

If Bitcoin can hold above the $77,700 support level, it could lead to a strong pump action in the altcoin market. However, if this support level is broken, the asset could correct significantly to around $74,000.