- Bitcoin holds a crucial support zone at $116K–$117K, and staying above it could spark a new all-time high run toward record levels.
- Altcoins are showing signs of strength as USDT dominance declines, hinting at fresh capital flows that may fuel a major market rally.
- Market structure shows Bitcoin and altcoins could rise together if support levels hold, giving traders renewed confidence for the months ahead.
Bitcoin’s price is hovering at a critical zone, and analysts warn that the coming days could decide its next major move. According to Crypto Patel, Bitcoin trades around $117,982, holding tightly between $116,000 and $117,000.
The make-or-break level is now this zone. Traders anticipate a strong response and a possible push toward a new all-time high if Bitcoin maintains over $116,000. The market might move swiftly in the direction of the $100,000 liquidity pool, nevertheless, if this support breaks.
Source: Crypto Patel
Bitcoin’s Structure Hints at Next Move
A consolidation period and a breakout over a falling resistance trendline are depicted on the BTC/USDT chart. Furthermore, this breakout level has already been retested by Bitcoin, indicating that it is new support. This move was supported by a significant volume jump during the breakout, which indicated increased market confidence.
This pattern suggests that Bitcoin’s momentum will remain bullish as long as support remains. Support levels at $116,000 and $117,000 will therefore determine whether bulls keep control or sellers take the initiative.
Besides the breakout confirmation, Bitcoin’s market reaction highlights a healthy trend pattern. The retest phase shows that traders are defending the new zone. Additionally, this indicates that buyers are more confident and willing to step in at lower levels. Hence, if this structure continues, Bitcoin could enter its next leg higher, possibly breaking beyond its previous peak.
Altcoins Prepare for Another Rally
While Bitcoin tests its crucial support, analysts are also watching USDT dominance trends. According to Moustache, USDT dominance has mirrored patterns seen in 2024 but on a larger scale. After forming an ascending broadening wedge, dominance broke down and retested lower levels. This decline often signals capital flowing back into altcoins.
Source: Moustache
Additionally, forecasts point to robust cryptocurrency rallies in the summer of 2025 and November of 2024. These dates are consistent with earlier stages of consolidation and breakout, which supports the notion that there will be another big pump. As a result, a lot of traders think cryptocurrencies are getting ready for another surge of growth after consolidation is over.
Additionally, the broader market structure shows that crypto cycles remain tied to liquidity shifts. Hence, Bitcoin holding support could spark renewed confidence across altcoins. If Bitcoin confirms its bullish path, traders may soon see a synchronized rally.
