Bitcoin Defies Expectations With Stunning Surge – Here’s How It’s Reshaping the Market
Bitcoin just pulled a classic 'hold my beer' moment—blasting past resistance levels while Wall Street analysts scramble to update their PowerPoint slides.
The rally nobody saw coming
Like a crypto Houdini, BTC slipped its bearish shackles this week. Trading desks reported frantic buy orders as institutional FOMO kicked in hard—proving once again that price predictions are just horoscopes for finance bros.
Market dominos start falling
Altcoins got the memo late as usual, with ETH and SOL playing catch-up. Liquidity pools flipped bullish faster than a politician's stance on CBDCs. Meanwhile, short sellers learned the oldest lesson in crypto: the market can stay irrational longer than you can stay solvent.
As the dust settles, one truth emerges—when Bitcoin moves, the whole financial ecosystem dances. Even gold bugs are quietly recalculating their portfolios between sips of bourbon.
$119,309 to reach a new all-time high, maintaining closure at those levels for a considerable period. What would it take to persuade the analyst, previously convinced of a decline, to adopt a bullish perspective?
ContentsThe Cryptocurrency BullAltcoins Might Climb
The Cryptocurrency Bull
Roman Trading consistently viewed the $100,000 range as the ceiling for BTC, claiming that bulls were exhausted. July’s initial decline and several corrections were accurately predicted, supporting this viewpoint. Nonetheless, as tariff ambiguity extended, instead of a crash, a rise was sparked, leading to some reversal of bearish signals. Yet, Roman maintains a long-term bearish outlook.
In recent analyses, he mockingly addressed those risking a 70% loss for a 20-30% gain. But what would ultimately convince him of an upswing? crypto Traders Are Rushing to This App – Here’s Why You Should Too
“For those wondering when my long-term bearish expectations for BTC will shift, it will be when the factors listed below are invalidated. Volume should increase. Bearish RSI divergences need to be invalidated. We need to see a momentum increase. My trades are based on charts, not emotions. If invalidated, I’ll likely stay on the sidelines and continue purchasing more altcoins. I’ve already enjoyed a 500% gain in BTC. There’s no need to be greedy.”
Of course, Roman Trading’s long-term bearish outlook for BTC does not eliminate the possibility of seeing rises in altcoins. The reason is explored in the next section.
Altcoins Might Climb
It’s often said that when the supply of BTC on exchanges decreases, prices should rise due to fewer assets being available for sale. The current situation seems to differ. Kyle highlights the exchange supply, noting that the recent upswing has whet investors’ appetites and led them to become more ready to sell.
“Since July 2024, large BTC deposits have reached their highest levels. It’s a classic sign: coins are moving to be sold NEAR peak levels. If smart money cashes in profits, this capital doesn’t vanish – its next target could be ALTCOINS. The transition may be tumultuous. The season of volatility is not yet over.”
Ali Martinez shared the levels altcoin investors should watch for ethereum (ETH)
$3,698. According to him, resistance at $3,825 and the increase in downward momentum at $3,490 could exponentially rise. The future of altcoins will likely be decided by a convincing breakout of these levels.
