Bitcoin Smashes ATH: The $120K Rally Is Just Getting Started
Bitcoin isn't asking for permission—it's rewriting the rules. Again.
The breakout no one saw coming
While Wall Street was busy overengineering hedges, BTC quietly bulldozed through its previous all-time high. No fanfare, no investment bank memos—just relentless upward momentum.
Fueling the fire
Institutional FOMO meets supply shock. With ETFs hoarding coins faster than miners can mint them, the math gets simple: demand outstrips supply, price follows. (Cue the 'this time it's different' chorus from 2017 maximalists.)
The road to $120K
Technical charts scream bullish. Macro tailwinds—from dollar weakness to sovereign debt crises—paint a target even skeptics can't ignore. Meanwhile, traditional finance still thinks 'volatility' is a dirty word.
One question remains: How much longer will institutions pretend they're not chasing?
Will altcoins follow Bitcoin’s rally?
With Bitcoin’s dominance at multi-year highs, questions arise about the opportunity for altcoins. While capital remains concentrated in Bitcoin, altcoins may have a major opportunity for a rally. According to B2BINPAY analysts, a potential altcoin rally will likely come down to macroeconomic factors.
“Right now, the trend favors Bitcoin. But just beneath it, altcoins are quietly positioning for a late-summer rotation,” B2BINPAY analysts stated. “But if macro shocks hit (a hawkish Fed pivot or geopolitical escalation), Bitcoin could spike in dominance as risk appetite vanishes,” they added.
While Bitcoin remains relatively resilient when it comes to macro shocks, altcoins are much more sensitive. Any development that lowers risk appetite among traders will likely have a major negative effect on the altcoin market.
