Bitcoin has once again defied expectations. After briefly falling below $98,000 during a tense geopolitical weekend, BTC has bounced back sharply to trade above $105,000. The rebound has revived hopes of a potential push toward a new all-time high. 

Traders are now asking the big question, when will Bitcoin finally break out past its previous record and start a fresh rally? In this article, we explore what led to the recent price action, where the next opportunities might be, and how to trade Bitcoin with confidence using Bitrue.

What Caused the Crash and the Rapid Recovery?

Bitcoin’s drop below $100,000 caught many investors off guard. The decline followed increased tensions between Israel and Iran, which created short-term panic across global markets. However, a ceasefire agreement announced by US President Donald Trump shifted sentiment almost overnight. Bitcoin, often treated as a risk asset during uncertain times, began to rally again as investor confidence returned.

Market data shows that BTC briefly touched $98,200 before rebounding sharply. The bounce was supported by an increase in Taker Buy Volume, signalling that large buyers and institutions were stepping in. 

According to CryptoQuant, this metric has risen steadily over the past two days, indicating conviction among bulls.

Technical indicators further support the idea of a short-term reversal. Bitcoin has reclaimed both the 50- and 100-period moving averages on the 12-hour chart, with strong buying pressure near the $103,600 zone. 

This level has now acted as a key area of support multiple times, suggesting it may serve as the launchpad for another breakout attempt.

Still, resistance remains. Bitcoin needs to break past $109,300 before any move toward its previous all-time high can be confirmed. 

Until then, analysts urge caution and suggest watching the $103,600 support closely. Losing this zone could open the door to another pullback, especially if broader market sentiment weakens again.

Read more: Introduction to Bitrue Alpha - Completed Explanation

Where Are Traders Looking to Buy In?

While the recent rally has brought optimism, not everyone believes the correction is over. Some analysts argue that BTC could see one more dip before a sustained breakout. 

A well-followed trader known as Astronomer recently outlined a buying roadmap, suggesting that Bitcoin could revisit the $97,000 region before making a more aggressive move upwards.

Astronomer explains that weekend lows tend to be revisited, and this weekend’s low is still sitting above $97,000. 

If a retracement does happen, it could create a final buying opportunity for traders who missed the earlier entries. The analyst warns against buying during high euphoric moments, advising instead to build positions during periods of fear or hesitation.

This strategy aligns with long-standing crypto market behaviour. Strong rallies are often followed by sharp corrections, and buying after a dip typically leads to better outcomes than chasing prices higher. 

According to this approach, the $97,000 to $100,000 zone remains a favourable area to consider entering, provided price structure holds and sentiment does not drastically change.

Beyond price action, sentiment is also shifting. The Fear and Greed Index has swung back toward Greed following the ceasefire news, indicating renewed market confidence. 

But geopolitical uncertainty, interest rate expectations, and potential regulatory moves in the US still linger in the background. These factors could influence Bitcoin’s price in the coming weeks.

For now, traders are balancing caution with optimism. Many are waiting for confirmation above $110,000 before going all in, while others are looking to accumulate during smaller dips. Whichever side they are on, all eyes are on Bitcoin’s next few candles.

Read more: How to Access Bitrue Alpha on Bitrue App?

Will Altcoins Follow if Bitcoin Breaks Out?

One often-overlooked piece of this puzzle is what happens next across the broader market if Bitcoin breaks its all-time high. Altcoin investors are watching closely, especially as stablecoin and Bitcoin dominance reaches new highs. 

According to a recent report from Alphractal, combined Bitcoin and stablecoin dominance now sits at 73.5% of the entire crypto market. This figure has historically marked the end of accumulation periods and the beginning of capital rotation into altcoins.

The logic is simple. When investors hold large amounts of Bitcoin and stablecoins, they are often preparing to move into higher-risk, high-reward assets like altcoins. 

As sentiment improves and market structure becomes more favourable, traders shift from safety back to speculation. That shift could start once Bitcoin confirms a move past $110,000 and holds above it.

Alphractal’s CEO, Joao Wedson, believes that the market is currently underestimating the upside potential of altcoins. He argues that many are underheld compared to past cycles, and that even a small change in sentiment could trigger a broader rally. 

If Bitcoin continues to stabilise and build momentum, the altcoin market could begin moving in tandem, possibly kicking off a new altseason by summer 2025.

However, it is important not to get ahead of the data. Any move into altcoins depends first on Bitcoin showing consistent strength. 

A failed breakout or loss of key support could delay rotation and keep investors in a holding pattern. For now, the altcoin outlook remains speculative but promising, with most of the weight still on Bitcoin’s shoulders.

Read more: Should I Use Bitrue Alpha as a Pro Trader? An Explanation

Conclusion

Bitcoin’s current price action has reignited the debate over when it will finally break its all-time high. With a bounce from $98,200 to above $105,000, supported by strong on-chain signals and shifting global sentiment, a fresh breakout seems increasingly possible. 

Still, resistance at $109,300 and broader macro risks remain in play. Traders are watching for either a clean move past $110,000 or a final dip near $97,000 as potential entry points. 

For those looking to trade BTC safely and without complication, Bitrue remains a reliable platform offering easy access, powerful tools, and fast execution.

Frequently Asked Questions

1. What is the next key resistance for Bitcoin?

Bitcoin faces major resistance around $109,300. A breakout above this level could open the path to retesting previous highs.

2. Is now a good time to buy Bitcoin?

Analysts suggest waiting for either a confirmed breakout or a retracement near $97,000 before entering, depending on your strategy.

3. Where can I buy Bitcoin easily and safely?

You can buy and trade Bitcoin securely on Bitrue. The platform offers a user-friendly interface, advanced trading tools, and high liquidity.

Investor Caution 

While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.

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