Bitcoin has officially entered a new chapter in its bull market, surging to fresh all-time highs near $118,800 after weeks of tight consolidation. This decisive breakout marks a pivotal shift in momentum, with analysts pointing to a potential explosive leg higher as bullish sentiment returns. The move above previous highs has not only reignited interest in BTC but also fueled optimism across the broader crypto market.
One of the most telling indicators of the current cycle’s strength is Bitcoin Dominance. According to top analyst On-Chain Mind, BTC dominance has climbed to 65% since the beginning of this bull market. This sharp increase highlights a clear preference among investors for Bitcoin over altcoins, solidifying its position as the market’s anchor in times of volatility and growth.
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!