This is a summary of the YouTube video published on 19 February 2025. Watch the full video here:
In this breakdown, we go over Bitcoin’s price action, whether altcoin season is dead or alive, Bitcoin dominance trends, and the impact of the DXY on the market. We also cover key levels, how long this consolidation will last, and what comes next.
Bitcoin Outlook: Consolidation Before the Breakout?
Bitcoin has been chopping around, frustrating both bulls and bears. Price action has been stuck in a sideways range, but for me, this is nothing more than accumulation before the next leg up. The yearly open at $93,400 has been taken out, and that level remains critical. Staying above this zone by the end of February signals strength.
There’s still a poor low at $93,400 that remains a potential target, but I want to see Bitcoin take out the poor highs next. The entire consolidation structure is a smaller version of the one we saw earlier last year, except this time, it’s not going to last five months. This will be over in the next few weeks.
For me, the lows are in. There’s no doubt about that. Bitcoin is heading for $120,000 – $130,000 this cycle, possibly much higher. But right now, it’s just noise. People panic over daily candles, but we haven’t actually moved much in the last three weeks. It’s all just a sideways accumulation phase that’s shaking out weak hands.
Key Bitcoin Levels to Watch
- Resistance: $100,000, $101,000, $102,000
- Breakout Confirmation: $104,000 – once this level is breached, Bitcoin will quickly move to new all-time highs.
- Support: $93,400 (yearly open) – staying above this by the end of February is bullish.
I expect Bitcoin to break all-time highs next month, but we need to clear $104,000 first. Once that happens, it will move fast—just like it did when it broke $60,000 in previous cycles. For now, it’s all about patience.
Bitcoin Dominance: Has It Topped?
Bitcoin dominance hit 64% before seeing a massive liquidation candle. For now, I see a few key levels:
- Next support levels: 59% and 58%
- Key monthly resistance: 61.8%
For me, dominance has topped for this cycle. I expect altcoins to outperform Bitcoin in this next push. People want this to happen overnight, but it never works like that. Dominance will chop around, retest levels, and then drop hard—just like it has in every past cycle.
When it finally gives in, altcoins will explode. If you’re positioned in the right alts, it’s going to be a very good time.
Altcoin Market: Ready for the Next Wave?
The altcoin market (Others chart) is setting up for a massive move. People are worried about alts not pumping, but this is exactly what happened before the last big breakout.
Why I’m Bullish on Alts
- Previous cycle repeats: The last time alts dropped like this, they followed with massive 10-20x runs.
- Wave 1 – Wave 2 structure: We’ve already completed the first wave, and we are in a classic wave 2 retrace. What comes next? Wave 3 – the strongest alt run.
- Accumulation phase ending: This next move will be bigger than the last. Those who have been accumulating will be rewarded.
I’ve been saying this since August. If you missed that entry, this is your last chance before the big move. This is not a time to fade the charts.
DXY: The Final Barrier to Bitcoin’s Rally
The DXY (US Dollar Index) has been the biggest weight on crypto and risk assets. But now, it’s at a major reversal zone.
This mirrors what happened in September 2022, when the DXY topped at 114, and stocks and crypto bottomed. Back then, people were screaming for DXY 130+, but they got wrecked. The same thing is happening now.
Why the DXY is Topping
- Corrective rally, not an impulse move: This rally in the DXY is weak and part of a larger downtrend.
- Rejection from key levels: The DXY has hit major resistance and is showing clear signs of reversal.
- A-Wave, B-Wave Structure: The next move is a C-wave down, which will take the DXY to 94-92.
When this happens, risk assets will explode. Bitcoin and stocks will push higher, and bears who thought this was a macro top will get wiped out.
Final Thoughts: What Comes Next?
- Bitcoin is in accumulation – I expect new all-time highs in March.
- Bitcoin dominance has topped – alts will start outperforming.
- Altcoins are gearing up for the biggest move yet – don’t fade the charts.
- DXY is reversing – risk assets are about to rip higher.
The bears will be in full retreat in the next few weeks. If you’re positioned correctly, this is going to be a huge opportunity.
For deeper insights, check out the Market Alpha videos. Members get two exclusive market breakdowns each week, plus a live session where we go over everything in real-time. Join now here.
That’s all for today. Like, comment, and subscribe. See you in the next update.
Discussion