$BTC

Bitcoin Consolidates Below All-Time High as Altcoins Lag Behind

Following a recent all-time high of \$112,000, Bitcoin has pulled back slightly, currently stabilizing near \$107,000 as market participants look for short-term support. This retracement comes amid growing global trade tensions and elevated U.S. Treasury yields, which continue to exert pressure on traditional financial markets. Despite the dip, many view it as a healthy correction within a broader upward trend.

Analyst Daan highlights a key divergence between Bitcoin and the wider crypto market: while BTC has reached new highs, the total altcoin market capitalization remains over 30% below its 2021 peak. This indicates Bitcoin’s relative strength in the current cycle, as altcoins continue to underperform despite intermittent rallies.

Daan’s technical analysis emphasizes a significant horizontal resistance level on the TOTAL altcoin chart. Until this level is decisively breached, altcoins may continue to lag behind BTC’s performance. The prevailing trend of Bitcoin dominance may persist barring any fundamental shifts in market dynamics.

On the technical front, Bitcoin’s weekly chart confirms a breakout above its previous all-time high of approximately \$109,000, reinforcing the bullish trend. The asset reached \$112,000 before encountering resistance and is now consolidating around \$107,500—an area aligned with prior breakout levels, now acting as support.

The bullish weekly candle structure, supported by strong trading volume, underscores the momentum. BTC remains well above its 34-week EMA (\$87,938), which has underpinned the current macro rally. Longer-term moving averages (50, 100, and 200 weeks) continue to slope upwards, reinforcing the long-term bullish outlook.

The upcoming weekly close is critical. Maintaining levels above \$103,600 would validate the breakout and could renew buying interest, with potential targets in the \$120,000–\$125,000 range. Conversely, failure to hold current levels may result in a retest of the \$95,000–\$100,000 support zone.