Bitcoin is trading at critical levels as the entire crypto market enters a high-volatility phase fueled by renewed optimism and strong momentum.
Analysts are pointing to signs of an incoming altseason, with the Bitcoin Market Performance & Altcoin Spread value at 38%, nearing the 50% threshold historically indicating the start of an altseason.
As Bitcoin approaches its all-time high, market sentiment is divided between a potential breakout or a short-term correction, with altcoin momentum building up.
BTC is consolidating below its all-time high, with the $105K level acting as a critical resistance area, while maintaining a bullish structure supported by growing interest and rising participation.