Bitcoin is back in the headlines—and not just for crossing the $100,000 mark again. This time, it’s against a backdrop of geopolitics, macroeconomic shifts, and speculation around what has been largely an elusive altcoin season.
Bitcoin rallies on trade deal momentum
Markets surged Thursday after U.S. President Donald Trump confirmed that a trade deal with the United Kingdom could be finalized “in the coming weeks.” The announcement eased investor nerves, especially following years of trade frictions that weighed on global sentiment. One of the stand-out deals in this arrangement includes a $10 billion Boeing aircraft order from the U.K., giving both traditional and digital markets a reason to cheer.
The crypto space responded sharply. Bitcoin climbed past $100,000 for the first time since early February — a psychological and technical milestone. While equities like Boeing posted gains, the crypto market’s lead asset grabbed the spotlight, adding to its long-standing narrative as both an asset of speculation and a hedge during uncertain times.
BTC’s Technical Analysis
Looking at the charts, BTC continues to trade within an ascending channel. The pattern is a classic higher highs, and higher lows, pointing toward bullish structure. At the time of writing, Bitcoin is holding above $102,000, now functioning as a support level while resistance stands at the $106,000 mark. If buying interest holds firm here, bulls may push price toward that resistance again. However, a breakdown below $102,000 could mark the beginning of a short-term correction.
From a technical perspective, the RSI (Relative Strength Index) sits at 85.88 on the daily chart, indicating that price is around the overbought territory. While that doesn’t automatically predict a reversal, it does suggest the pace of gains may slow, making confirmation signals more important. Traders are watching for signs like bullish engulfing patterns, long wicks near support, or rising volume to confirm further upside.
Read also: How to read the most popular crypto candlestick patterns
The Altcoin Debate
While BTC steals the spotlight, murmurs of an upcoming altcoin season are starting to resurface. But not everyone agrees. Vandell, co-founder of BlackSwan Capitalist, isn’t buying into the hype. He’s warned against premature altcoin enthusiasm, calling such claims “absolutely clueless.” His main argument is that bitcoin dominance still sits at 64%. Historically, altcoin seasons only begin after BTC’s dominance drops significantly—by at least 10% to 20%.
BTC dominance reflects the percentage of the total crypto market value held by BTC. When BTC dominates, capital tends to stay parked there. When it retreats, investors begin to diversify into altcoins, triggering broader rallies across Ethereum, Solana, Cardano, and others.
Vandell believes we’re still in what he calls the “horse phase”—a market stage where BTC leads and altcoins lag. He expects a deeper BTC correction in 2025 to pave the way for an altcoin rally. Until then, he suggests that capital will continue flowing into BTC, especially as macroeconomic narratives—not altcoin fundamentals—drive market moves.
Read also: Momentum builds amid spot Ether ETF inflows and bitcoin dominance decline.
Looking ahead
As things stand, Bitcoin becomes the fifth-largest asset in the world by market cap for the first time—trailing only giants like NVIDIA, Apple, Microsoft, and Gold. That in itself is a statement on how far it’s come.
While excitement brews for another round of explosive altcoin growth, investors may have to wait. Market cycles often take time to shift. For now, the technicals show BTC in charge, with any altcoin opportunities likely emerging only after a substantial redistribution of market dominance.
Bitcoin’s move above $100K reflects strong momentum backed by real-world macro triggers and robust technical structure. However, the broader crypto cycle hasn’t shifted just yet.
The key is to keep an eye on Bitcoin dominance. It could quietly tell you when it’s time to look beyond Bitcoin and pay attention to the rest of the digital asset market. Read also: BTC, ETH, SOL; Coinbase Stock; and Crypto Unicorn IPOs poised for success in 2025—Bitwise
Victor Solomon is a crypto analyst at Crypto Asset Buyer (CAB). Over the years, Victor has gained valuable expertise in market analysis, risk management, and community management within the cryptocurrency ecosystem. The founder of Soluvic Crypto Hub, a crypto community where he equips newbies in the space, Victor’s mission is to empower individuals to uncover opportunities and safely navigate risks in the blockchain industry. Victor’s academic foundation includes a BSc. (Ed) in Mathematics, a credential that underpins his strong analytical and problem-solving abilities. Currently, he is expanding his technical expertise as a Software Development student at Brigham Young University. He is an Ex African Manager of Newscrypto.
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