Bitcoin Consolidates, Analyst Warns of Altcoin Collapse, Eyes $180K BTC

• Bitcoin tests support at $82,000-$83,000, with further support near $76,000.
• Tapiero predicts Bitcoin could reach $180,000, consolidating between $70,000-$100,000.
• He warns most altcoins, especially meme coins, are likely to fail soon.

Bitcoin is currently consolidating after rejecting a key resistance level. The price is now testing support around $82,000 to $83,000, with a next support level near $76,000 if it falls further.

Despite the volatility, Dan Tapiero, Managing Partner, CEO and CIO of 10T Holdings, remains bullish. He explained that the shift in the U.S. government’s stance toward crypto—particularly under the Trump administration—has been one of the most important developments in recent years. 

Tapiero fully expected Bitcoin to hit the $100,000, which it did, as round numbers like this often act as psychological barriers. He now forecasts that Bitcoin will consolidate between $70,000 and $100,000 for a period, before eventually pushing higher.

Related: ARK Invest Buys $80M in Bitcoin from Coinbase in a Single Day

Long term, he’s aiming for a potential target of $180,000, though he believes this is more likely either later this year …

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