Bitcoin Breaks 20-Jan 2025 Peak Price, New ATH Next (+Altcoins)Look at this, Bitcoin closed the day exactly above the 20-Jan 2025 high. This day Bitcoin peaked at $110,265, the all-time high before May; yesterday, 9-June 2025, Bitcoin peaked at $110,577.4 but closed at $110,270, five dollars higher. Is this a bearish or bullish signal? What to expect!
Good evening my fellow Cryptocurrency trader, I hope you are having a wonderful day.
This week starts with a bang, a big bang, with Bitcoin doing great. The question immediately arises and I will answer, Will Bitcoin continue growing? Or, will Bitcoin produce a retrace?
I can tell you with 100% certainty that Bitcoin will continue to grow. I can support this statement with data from the charts.
We have hundreds and hundreds of altcoins going bullish, strongly bullish, some coming out of a new all-time low. If Bitcoin was set to crash, these altcoins wouldn't be gaining in bullish momentum, they would be diving deep much lower in order to create new lows. But this isn't what is happening this week, last week and today, no! What we are seeing now is huge growth across the altcoins market and this confirms what Bitcoin will do next.
Needless to say, as Bitcoin trades near its all-time high this is extremely bullish.
If a new all-time high is hit but the action moves lower, say 10-15% lower and remains there, this is bearish and points to lower prices. If the action remains very close to resistance, as it is now, this is ultra-bullish. It is simple do you agree?
Because when there is an incoming drop many people in the know start to sell, so the action never stays at resistance there is always a strong rejection with high bearish volume.
On the other hand, when resistance is challenged and continues to be hit over and over, or the action stays very close, it simply means that people are buying, holding and ready for growth. Bitcoin will continue moving higher mark my words. It is very easy because this has been confirmed long ago.
The bottom was hit 7-April and we are now experiencing long-term growth. As Bitcoin continues to trade near its all-time high, the altcoins will blow up.
When Bitcoin grows 20-30%, some altcoins can grow 100-200%. When Bitcoin grows 50%, some altcoins can grow 300-500%. This is the 2025 bull market.
Thank you for reading.
Give me a boost if you trade and profits from the altcoins market.
Namaste.
P.S. Leave a comment with your favorite altcoins, I will consider the pair for a few full analysis.
