Crypto Prices Rebound as Bitcoin Targets $140,000, Nasdaq 100 Hits Record High

Cryptocurrency prices have experienced a recent pullback, but several indicators suggest a potential rebound. Bitcoin (BTC) has formed a cup-and-handle pattern, which could drive its price to $140,000. Additionally, ETF inflows have surged, nearing the significant milestone of $50 billion. The tech-heavy Nasdaq 100 Index has reached a record high of $22,500, while the S&P 500 Index has climbed to $6,170. Both indices have seen gains of over 27% from their April lows.

Further supporting a bullish outlook, there are signs that the Federal Reserve may begin cutting interest rates in September, and the U.S. dollar index has declined. Additionally, the U.S. and China are reportedly close to signing a new trade agreement. These factors, combined with the bullish Bitcoin pattern and the surging S&P 500 and Nasdaq 100 indices, may trigger the next crypto bull run. Some of the top altcoins to consider buying ahead of this potential bull run include Sei (SEI), Aptos (APT), and Aerodrome Finance (AERO).

Sei is well-positioned for the next bull run as a fast-growing EVM-compatible chain gaining traction in gaming, DeFi, and stablecoins. It is also under consideration to run Wyoming’s stablecoin initiative. The Sei price has risen from a year-to-date low of $0.1315 to a high of $0.3337 on June 25, breaking through resistance at $0.2767 and invalidating the previous double-top formation. With the price now above both the 50-day and 100-day moving averages and the 23.6% Fibonacci retracement, further gains are likely. Bulls may target the 50% retracement level at $0.4340.

Aptos is another promising altcoin as equity indices rise. Like Sei, it’s a layer-1 blockchain slowly gaining traction. According to data, Aptos-based DEXs processed over $4 billion in the past 30 days, with a total value locked (TVL) of $1.3 billion, ranking it 12th in the industry. The APT price has formed a double-bottom at $3.88, with the neckline at $6.30. This bullish pattern points to a potential breakout, with an upside target near $10 if the neckline is breached.

Aerodrome Finance is a leading DEX on the Base blockchain, processing billions in monthly trading volume. The AERO price has rallied from a low of $0.2963 in April to $0.80 as of June 27. It has formed an ascending triangle pattern and is hovering near the 23.6% retracement level. A mini golden cross, where the 50-day moving average crosses above the 100-day MA, has formed, a bullish signal. If momentum holds, the next target is the $2 resistance level.