Bitcoin BTC: Important Breakthrough and the Beginning of a Positive Phase

Bitcoin has successfully broken through the downward trend, as the rising wedge pattern suggests, and the price managed to surpass the most important and strongest resistance at the level of $90,000. This breakthrough is a strong indicator of the market transitioning to a new phase with a clear positive character, and thanks be to God for these developments.

Currently, maintaining the price above the $90,000 level, especially the weekly close above this figure, is a crucial factor confirming the continuation of the upward momentum and supporting expectations for achieving a new historical peak that may exceed $109,000.

As for alternative cryptocurrencies (Altcoins), the situation is mixed; some have good liquidity, while others suffer from weak performance due to Bitcoin's continued dominance over the market.

Bitcoin's dominance is currently approaching high levels, reaching about 64%, which is a significant figure. With the nearing end of this dominance, the expected decline in this percentage may open the door for alternative cryptocurrencies to achieve strong gains and possibly significant price multiples.