Bitcoin’s advantage may have reached a high cycle – what is the replacement?
After a few days of consolidation, Bitcoin is under new sales pressure, with its all-time high of $112,000. Markets with increased macroeconomic uncertainty and rising volatility have forced BTC into a cooling phase in the $103K-$106K range. While the Bulls still control the broader trend, the current pullback reflects the caution of investors with global financial headwinds.
One of the key factors that shape emotions is the rise in U.S. treasury production, which continues to signal systemic stress and more severe liquidity. Historically, these conditions have created a hybrid environment for risky assets such as Bitcoin and altcoins, often triggering temporary corrections before the next impulse move.
Top analyst TED Pillows share a compelling role, which suggests that Bitcoin’s advantage may have peaked in this cycle. If true, this may mark the beginning of capital rotation to Altcoins – a signal that Altseason may be around the corner. As Ethereum and other top assets maintain critical levels, the market may be entering a transitional phase. BTC may stabilize in the short term, but everyone’s eyes are focused on whether Altcoins starts running beyond the larger crypto space.
Bitcoin Advantages on Global Tension
Bitcoin faces a critical moment after reviewing more than 7% from its latest all-time high of $112,000. With prices aggregated ranges of around $103,000-$105,000, traders and analysts are watching closely to see if this is a healthy pullback or the start of a broader shift in market structure. Amid increasing macroeconomic tensions, this answer is due to an increasing number of times, and the ongoing U.S. tariff deadlock has introduced a new wave of uncertainty that has spread across global markets.
Despite its short-term weaknesses, Bitcoin has been the undisputed leader in the cycle. Since its breakthrough in 2021, BTC has surpassed the wider cryptocurrency market and demonstrated resilience in the face of economic volatility and systemic financial risks. AltCoins, on the other hand, has been working to restore its 2021 high, many of whom are still significantly lower than previous peaks.
However, not everyone believes that Bitcoin will continue to dominate. Pillows recently showed that BTC advantage may have peaked in this cycle. Despite his warning that “no straight lines”, BTC’s dominance is one of the strongest signals that a season begins in history. If this trend exists, it could mark a turning point for AltCoins to recover market share and outperform the market in the coming months.
However, the transition will not proceed immediately. Advantage trends may take time to develop, and Bitcoin’s price action remains the main driving force for the overall market direction. Currently, Bitcoin is testing support, and the wider market is holding its breath and keeping a close eye on signs of a new phase in the bull cycle.
BTC price analysis: close to transformation or damage support
Bitcoin is currently trading at $103,764, and it is $103,600 hovering above the key support level. The 4-hour chart shows that after BTC failed to break through its all-time high of $112K last week. Since then, prices have fallen steadily, with highs and lower lows forming a short-term bearish structure.
BTC is now testing the confluence of horizontal support at $103,600 and 200-cycle simple moving average (SMA), and currently positioning at about $102,600. This area is crucial for the Bulls’ defense. The ongoing rest below may open the door to a deeper backtrack, possibly toward an area of $100,000 psychological level or even $98,000-$99,000.
Holding such support, on the other hand, could lead to a rebound. The short-term moving average (34 EMA and 50 SMA) has begun to curl, indicating that there is still pressure, but if the volume increases, it may attract immersion buyers.
For now, Bitcoin’s bullish structure is intact, but the short-term trend depends on the defense of this demand zone. The upcoming meeting is crucial to determine whether BTC stabilizes another leg or breaks down to seek lower support.
Featured images from DALL-E, charts from TradingView
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