Market Confidence Grows With Bitcoin Holding New Price Range
Bitcoin has surged back into six-figure territory, climbing as high as $104,300 and reinforcing its dominance in what increasingly appears to be the next major phase of the crypto bull cycle.
The move above $100,000—a level once considered purely psychological—is now backed by rising volume, improving sentiment, and solid on-chain fundamentals.
Unlike past euphoric spikes, this breakout shows signs of control and sustainability. Data from CryptoQuant and market analyst Axel Adler highlight a measured influx of new capital.
A key indicator, the 30-Day Capital Rotation %, currently sits at 16.7%—far below the 35% level that historically signals speculative overheating. This suggests that fresh buyers are entering steadily, not in a frenzy, and that both long-term and short-term holders are aligned.
BTC’s breakout wasn’t isolated. Ethereum surged past $2,400, helping drive altcoins higher as capital rotated across the market. With major resistance levels now behind it, Bitcoin has turned $100K into immediate support. The next key hurdle lies at $103,600—currently being tested. A close above it could open the door to new all-time highs and a fresh leg of price discovery.
Technically, BTC’s rise is backed by a clean structure: consolidation above long-term averages, a surge in trading volume, and strength in correlated assets. If bulls can maintain this level, $100K may shift from ceiling to launchpad—transforming what was once a psychological milestone into the floor for a broader rally.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
