Current Situation of $BTC
Since November 2024, BTC’s price has been moving sideways in a range between $92,000 and $106,000 (see chart 👇). Right now, BTC is near the top of this range, making this a key moment for the market.
Scenario 1: If $BTC breaks above $106,000 and hits a new all-time high (ATH), the upward trend will likely continue.
Scenario 2: If $BTC fails to break through, it may drop back to test the bottom of the range at $92,000.
Estimated Chances
The weekly BTC Dominance (BTC.D) chart (see chart 👇) shows that most of the money in the market is focused on BTC. This suggests investors are playing it safe, especially with support from recent political events like President Trump’s inauguration. BTC has a 60-65% chance of breaking its previous ATH.
What About Altcoins (ALTs)?
Depending on BTC’s movement, here’s how Altcoins might react:
If BTC hits a new high: Altcoins may not rise immediately. However, once BTC stabilizes at a new peak, Altcoins could see strong growth.
If BTC drops to $92,000: Altcoins will likely face pressure. Some weaker coins might even fall below their previous lows and create new bottoms.
What To Do?
To manage risks and maximize profits, consider these actions:
Wait for confirmation: Only buy more if BTC clearly breaks above $106,000 and confirms a real breakout.
Prepare for a drop: If BTC falls back to $92,000, be ready to add more positions at this lower level.
