As Bitcoin hovers just 3% below its all-time high (ATH), the crypto market is heating up with bullish momentum, key macroeconomic catalysts, and pivotal technical levels coming into play.
The recent surge above $100,000 has traders and analysts asking the big question: what’s next for Bitcoin?
Trade Deals and Futures Fueling the Rally
One of the major forces behind Bitcoin’s recent rise is the renewed trade agreement between the US and China. The easing of geopolitical tensions and expansion of economic cooperation have bolstered investor confidence, especially in risk assets like Bitcoin. As institutional futures markets digest this news, the result has been greater stability and liquidity—consolidating Bitcoin’s position above key support zones.
Bulls in Control
The bulls have made a powerful statement. Breaking through the psychological barrier of $100,000, Bitcoin has now settled into a crucial range between $104,000 and $106,000. This consolidation zone is not just another checkpoint—it’s a potential launchpad. Analysts suggest that as long as this range holds, the path to a new all-time high is clear.
According to Swissblock Technologies, this zone acts as a “staging ground”—a region where price compresses before breakout. With both on-chain and trading volumes clustering in this area, the market appears to be building energy for the next move.
Another key catalyst to watch this week is inflation data. Scheduled economic reports could either validate the current rally or trigger a temporary correction. If the data shows signs of cooling inflation, it may strengthen the case for risk assets and push Bitcoin toward price discovery.
Conversely, hotter-than-expected inflation might trigger a wave of caution—but with bulls already in “full control,” such corrections are expected to be shallow and quickly absorbed by eager buyers.
The Technical Outlook
Swissblock’s chart shows a clear picture: after a volatile Q1 marked by a dip toward $75,000 in March, Bitcoin has rebounded sharply. The current consolidation around $104K–$106K resembles earlier patterns that preceded major moves.
Their note on the chart emphasizes: “No straight lines—expect compression before breakout.” This implies that while a brief sideways phase may continue, the longer-term trajectory remains upward if key levels are defended.
Conclusion: Ready for Takeoff?
With trade developments, strong bullish momentum, and inflation data all converging, the coming days could define Bitcoin’s next big move. If $104K–$106K continues to hold, the all-time high could fall—and a new chapter for Bitcoin could begin.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-nears-all-time-highs-whats-the-plan/