The Bitcoin cryptocurrency has been holding steady above $86,000 for several days, prompting numerous predictions for a new all-time high (ATH). Alongside this, a long-anticipated altcoin rally may be underway, as many coins have dropped 80-90% from their previous ATHs.
Michael Saylor, who has been accumulating substantial amounts of BTC through MicroStrategy, recently announced plans to dispose of keys to 17,000 BTC, valued at $1.5 billion.
“Don’t ignore the #CME gap at $84,270. BTC is likely to fill this gap first before making an upward move. This level is crucial for the next trend direction.”
— Master of Crypto (@MasterCryptoHq) March 26, 2025
Which Bitcoin Breakout Do We See First – A Bull Run or Filling The CME Gap?
Crypto Twitter is abuzz with predictions for a new ATH, but sentiment is fluctuating frequently. Technical indicators suggest that Bitcoin is preparing for significant moves. Market sentiment remains optimistic, especially as BlackRock increases its ETH holdings, potentially igniting an altcoin rally while GameStop is also purchasing Bitcoin as a reserve asset. Notably, Bitcoin ETFs have attracted over $27 million in inflows.
Market Trend
(Source: Treasuries)
Despite the positive news, the existence of a large CME gap between $84,000 and $85,000 suggests a possible pullback before the bull run. Historically, Bitcoin has often retraced before embarking on upward trends.
“BITCOIN BREAKOUT IS LOADING! LET’S PRAY FOR $94,000 SOON”
— Ash Crypto (@Ashcryptoreal) March 26, 2025
What To Expect: Price Predictions and the Altcoin Rally
The market’s direction should clarify in the coming days. Investors should carefully monitor the market and focus on viable projects to accumulate. Due to the expected volatility, all types of leveraged trading are considered high-risk right now.
As March ends and Q2 approaches, a new ATH for Bitcoin is still in sight, provided BTC dominance falls significantly first.
Key Takeaways:
- An upcoming altcoin rally?
- New ATH imminent
- Closely watch the market
- Sustained bullish sentiment
