Bitcoin Holds the Line Near $107K After New ATH — Altcoins Lag Behind
Bitcoin recently surged to a fresh all-time high of $112,000 before pulling back to $107,000, where bulls are now looking to establish short-term support. Despite the dip, many traders view this as a healthy correction within a broader uptrend, especially amid global market uncertainty driven by rising U.S. Treasury yields and renewed trade tensions.
Crypto analyst Daan highlights a key divergence: while Bitcoin continues to lead the charge, the Total Altcoin Market Cap remains over 30% below its 2021 peak. This underscores BTC’s dominance in the current cycle, with altcoins still playing catch-up despite scattered rallies.
From a technical perspective, Daan points to a critical horizontal resistance on the TOTAL (altcoin) chart. Until this level is broken, altcoins are likely to underperform BTC. For now, the king of crypto remains the clear frontrunner.
Zooming out, Bitcoin’s weekly chart paints a bullish picture. The breakout above the previous ATH of $109K confirms a strong macro trend. BTC topped at $112K before facing resistance, and is now consolidating around $107,500—right near the breakout zone, which is now acting as a key support area.
Supporting this breakout are:
A bullish candle structure
High trading volume
Continued strength above the 34-week EMA ($87,938)
All major MAs (50, 100, 200 weeks) trending upward
Looking ahead, the weekly close is crucial. Holding above $103,600 could trigger renewed buying pressure, potentially pushing BTC toward the $120K–$125K range. However, a failed hold may lead to a retest of the $95K–$100K zone.
Altcoins still have ground to cover—but for now, it’s Bitcoin’s show.
#BitcoinSurge #BTCvsAltcoins #CryptoMarketWatch #BTCBreakout #BitcoinATH #CryptoNews #TrumpTariffs #MacroTrends $BTC