Bitcoin Breaks All Records: Opening the Stage for the Biggest Price Rise Cycle in History?

Bitcoin has officially entered a new chapter in the bull run, skyrocketing to an all-time high of nearly 118,800 dollars after several weeks of tight consolidation. This decisive breakout marks a significant turning point in momentum, with analysts predicting a potential explosive bullish run as sentiment returns. Breaking through previous highs not only sparks interest in BTC but also boosts optimism across the crypto market. One of the clearest indicators of the strength of the current cycle is Bitcoin Dominance. According to leading analyst On-Chain Mind, the dominance rate of BTC has risen to 65% since the beginning of this bull run. This strong increase indicates a clear preference among investors for Bitcoin over altcoins, reinforcing the position of this coin as a market anchor during periods of volatility and growth. When Bitcoin leads the bullish trend, market observers believe that this breakout could spark a wave of institutional capital flow and attract new attention from retail investors on the sidelines. With the growth momentum and increasing confidence, a breakout above $118,000 could just be the beginning of an even larger move, a move that could shape the next phase of the crypto market bull run in 2025. Bitcoin Leads the Revolution After several weeks of hovering below the $110,000 mark, Bitcoin has finally broken out, ushering in a new bullish phase and boosting the crypto market as a whole. Altcoins, which had slowed down in recent months, are now surpassing key resistance levels as confidence spreads. This synchronized move occurs against a backdrop of volatile macroeconomic conditions, with market participants increasingly predicting a weakening US dollar and a return to inflationary policies under President Donald Trump's administration. With expectations of an upcoming interest rate cut and increasing pressure on the Federal Reserve, the market views cryptocurrencies, especially Bitcoin, as a natural hedge. However, caution remains. U.S. Treasury yields are still high, continuing to warn of systemic stress in the traditional financial system. That stress further reinforces the appeal of Bitcoin as a non-sovereign monetary asset with a hard cap. The dominance of Bitcoin tells a clear story. "At the beginning of this bull run, it was only at 40%. And today? 65%", On-Chain Mind noted, emphasizing that investor preference has completely shifted towards BTC. This dominance reflects a trend that has hardly changed, even as Ethereum and other altcoins are trying to catch up.

When BTC leads the market, its dominance reinforces its role as the main beneficiary of macro instability. Although the altcoin market is starting to show signs of recovery, it is clear that Bitcoin remains the anchor, and investors are still not ready to change. 4-Hour Chart: Cooling Off After Breakout The 4-hour chart of Bitcoin shows a clear breakout, followed by consolidation, a typical sign of strength after a strong volatility. The price surged from the long-standing resistance level of 109,300 dollars to a local high of 118,000 dollars in less than twelve hours, marking an increase of 8%. This breakout has turned the previous resistance level into support and triggered strong trading volume, confirming this move.

The trading volume has decreased during this period, characteristic of a bullish consolidation rather than distribution. The 50-period moving average (in blue) has crossed above the 100-period moving average (in green), forming a short-term golden cross near the $109,000 level. This crossover supports the bullish outlook, with the 200-period moving average (in red) trending upwards from $105,000, reinforcing the structure of higher lows. As long as Bitcoin maintains above $112,000, the bulls remain in control. A drop below $109,000 would invalidate the breakout and increase short-term risks. However, if the price can confidently surpass $118,000, it may open the door for a bullish move towards the psychological level of $120,000. $BTC {spot}(BTCUSDT)