Bitcoin's Price Stability Crucial for Altcoin Bull Market

The altcoin market is expected to experience significant growth if Bitcoin can maintain its current price range of $77,700.

According to CoinMarketCap analytics, BTC is currently trading at $78,800, down by 0.2% in the last 24 hours but up by over 13% in the past seven days and almost 25% in the last 30 days.

The price of ETH has also rebounded, nearing its target of $2,500 and rising by over 1% in a single day.

Analysts believe that ETH is moving towards the $3,000 to $3,400 range as it seeks to climb into its next leg of growth. Meanwhile, BTC needs to break above $82,000 to $84,000 for the market to fully turn bullish.