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Bitcoin has just carved out new yearly highs, validating what technical analysts had been mapping for weeks. The confirmation is significant—we're witnessing the higher timeframe uptrend firmly establish itself across major pairs.
The question on every trader's mind right now: What happens next? Will BTC sustain momentum and test the psychological 100k level? The setup certainly looks conducive to continued strength.
But here's what's even more intriguing—what about the altcoins? Historically, when BTC breaks into fresh yearly territory on higher timeframes, alts tend to follow suit once they catch their breath. Some traders are positioning for an alt season explosive breakout.
If you're monitoring the charts tonight, keep your radar on key resistance levels above current price action. The momentum could be fleeting or it could accelerate. Either way, the next few hours of price discovery should be telling.