Trust Editorial Content, reviewed by industry leaders and experienced editors. Disclosure of ads
Bitcoin is thriving once again, challenging global macroeconomic turbulence and pushing towards an unknown territory. Earlier this week, the largest cryptocurrency in the world reached a new historical maximum of $ 112,000, reinforcing the optimism of investors and pointing out that the trend of the bull remains intact. As the fear of inflation persists, the increase in interest rates and geopolitical tensions, Bitcoin’s role as a resistant digital asset continues to attract capital.
However, while BTC reaches new maximums, the broader Altcoin market tells a different story. The Superior Daan analyst shared a key technical observation, noting that the total capitalization of Altcoin’s market is still far from its 2021 peak. Despite the recent recoveries, the Altcoins remain well below their maximums of all time. This divergence highlights a recurring theme of this cycle: the Bitcoin domain.
Daan said that the low performance of the Altcoin market derives from its failure to break above a key horizontal resistance zone. Until that level breaks convincingly, Altcoins can continue behind Bitcoin’s explosive movements. For now, BTC is still the clear market leader, and many believe that the Altse season will turn on completely until Bitcoin is consolidated and capital begins to turn more aggressively in alternative assets. Investors are closely observing the signs of that turn.
Bitcoin finds support under ATH, while the Altcoins fight to catch up
After reaching a new historical maximum about $ 112,000, Bitcoin has retired slightly, now quoting around the level of $ 107,000 as the Bulls try to establish a short -term support. This movement occurs in the midst of continuous macroeconomic uncertainty, including the growing commercial tensions and treasury yields of the persistently high United States that continue to shake traditional markets. Despite the setback, the upward feeling is still strong, and many investors saw the sauce as a healthy correction within a broader upward trend.
Daan points out a critical divergence between Bitcoin and the broader cryptographic market. Although BTC has increased in a new territory, the total capitalization of the Altcoin market remains more than 30% below its previous maximums of all time established in 2021. This highlights Bitcoin’s clear strength in this cycle compared to Altcoins, which continue to delay despite the recent rebounds.
Daan’s technical analysis emphasizes the importance of a key level of horizontal resistance in the total graph. Until that threshold is broken, Altcoins can continue having a lower performance in relation to Bitcoin. The strength and impulse of BTC have constantly overcome the rest of the market throughout this cycle, less than a structural change occurs, this trend can persist.
Analysis of the weekly table: confirmed breakout, bulls in control
The Bitcoin weekly chart shows a decisive breakdown above its old maximum of all time at $ 109,000, confirming the strength of the current upward trend. BTC reached up to $ 112,000 before facing the resistance and is now consolidating around $ 107,500. This level is closely aligned with the rupture zone, turning previous resistance into a potential support area, a classic configuration of new bullish test.
The structure of the candle shows a strong bullish impulse with high volume, validating the break. BTC continues to operate well above the EMA of 34 weeks ($ 87,938), which has acted as dynamic support throughout this macro upward trend. All the main mobile averages (50, 100 and 200 weeks) are in upward trend, which reinforces the long -term upward structure.
In particular, the weekly closure will be critical. Keeping above $ 103,600 confirms the breakdown and could trigger renewed purchase interests, which could lead to an impulse towards the $ 120K range– $ 125K. If the current level is not maintained, BTC could test the previous range between $ 95K and $ 100K per support.
In general, the trend remains optimistic in the highest period of time, and despite the short -term volatility, the Bitcoin structure indicates the continuation of new maximums, backed by strong winds of macro tail and robust metrics in the chain.
Outstanding image of Dall-E, TrainingView graphics
Editorial process For Bitcoinist, he focuses on the delivery of content completely investigated, precise and impartial. We maintain strict supply standards, and each page undergoes a diligent review of our technology experts and experienced editors. This process guarantees the integrity, relevance and value of our content for our readers.
Fountain:
