After weeks of consolidation, Bitcoin is now officially entering a new phase in its bull run. It has surged to all-time records near $118.800. The decisive break marks an important shift in the momentum. As bullish sentiment is returning, analysts are expecting a potentially explosive move higher. BTC’s move over previous highs not only rekindled interest, but has also fuelled optimism in the wider crypto market.
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Bitcoin Dominance can be a good indicator of how strong the current cycle is. Top analyst On Chain Mind claims that BTC dominance is now at 65%. This has been the case since this bull market began. The sharp rise in Bitcoin’s dominance over other cryptocurrencies shows that investors are clearly choosing Bitcoin.
The following are some of the ways to get in touch with us. Bitcoin Market watchers think the breakout will lead the charge and could spark a new wave of institutional investment. Retail investors who have been sidelined may also start paying attention again. As momentum grows and investor confidence increases, the break above $118K could be the start of a much larger move that will define the next phase in the 2025 bull crypto cycle.
Bitcoin is the Leader
Bitcoin, after several weeks of sideways movement below the $110,000 level, has now broken through, initiating a new phase bullish and putting the wider crypto market in motion. Altcoins that had been lagging in recent months are now rising above important resistance levels, as the confidence grows. The coordinated movement comes against a background of macroeconomic changes, as market participants anticipate a weakened US dollar and a return to inflationary policies by US President Donald Trump’s administration.
With expectations of rate cuts looming and pressure mounting on the Federal Reserve, the market sees crypto—especially Bitcoin—as a natural hedge. However, caution still lingers. The yields on US Treasury bonds remain high, which continues to signal systemic strain in the financial system. Bitcoin has benefited from this tension as it is a nonsovereign and hard-capped currency asset.
Bitcoin dominance Tells the story in a clear way. “At the start of this bull market, it sat at 40%. Today? 65%,” On-Chain mind noted that investor preferences have largely leaned towards BTC. This dominant position reflects a pattern that is not changing, despite the attempts of Ethereum and other altcoins to catch-up.
BTC’s dominance is a testament to its position as the main beneficiary of the macro-uncertainty. Although the altcoin market is showing some signs of growth, Bitcoin still remains the leader and investors have not yet made the switch.
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4‑Hour Chart: Post‑Breakout Cooling
Bitcoin’s chart for the 4-hour period shows an initial breakout, followed by a consolidation. This is a sign of strength following a sudden move. In less than 12 hours, the price surged past a long-standing support at $109 300 to reach a high local of $118,000, marking an 8 percent rally. This break-out turned previous resistance to support, triggering strong volume and validating the move.
The volume has declined during this time, which indicates a consolidation of bullish sentiment rather than a distribution. A short-term, golden cross has been formed near $109K when the moving average of 50 periods (blue), crossed over to 100 periods (green). The crossover is bullish, as the 200-period (red) moving average has been trending higher from $105K. This reinforces the structure of lower lows.
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The bulls have the upper hand as long Bitcoin stays above $112,000. Dropping below $109K invalidates the breakout, and increases short-term risk. Price can only break through $118K if it is done with conviction. This could allow a rally towards $120K.
Chart by TradingView. Image courtesy of Dall-E.
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Source: www.newsbtc.com
