> ## Content Index > Fetch the complete content index at: https://www.themarketsunplugged.com/llms.txt > Use this file to discover other available public pages before exploring further. # Bitcoin’s Next Move – Will Bears Retreat or Take Over? - URL: https://www.themarketsunplugged.com/bitcoins-next-move-will-bears-retreat-or-take-over/ - Published: 2025-02-20T12:26:43.000Z - Updated: 2025-02-20T12:26:43.000Z - Author: Oz - Tags: Crypto Insights --- 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](https://www.themarketsunplugged.com/bitcoin-a-beginners-guide-to-the-cryptocurrency/) price action, whether [altcoin season](https://www.themarketsunplugged.com/what-is-altcoin-season-how-to-profit-from-this-exciting-time-in-the-crypto-market/) is dead or alive, Bitcoin dominance trends, and the [impact of the DXY on the market](https://www.themarketsunplugged.com/dxy-trends-and-their-profound-impact-on-the-crypto-market-insights-for-q4-2024-and-beyond/). 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**. ![fireworks during nighttime](https://images.unsplash.com/photo-1557862534-78d9e21e86ad?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=M3wxMTc3M3wwfDF8c2VhcmNofDIyfHxicmVhayUyMG91dHxlbnwwfHx8fDE3NDAwNTQyNDd8MA&ixlib=rb-4.0.3&q=80&w=2000) Photo by [Ihor Malytskyi](https://unsplash.com/@ihor%5Fmalytskyi?ref=themarketsunplugged.com) / [Unsplash](https://unsplash.com/?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) --- ## 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](https://www.themarketsunplugged.com/unlocking-the-secrets-of-crypto-market-analysis-with-total3-total2-others-and-btc-d/)) 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**. ![a statue of a bull on a brick street](https://images.unsplash.com/photo-1675714781259-9dfa328c6937?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=M3wxMTc3M3wwfDF8c2VhcmNofDEzfHxidWxsaXNofGVufDB8fHx8MTc0MDA1NDI3Mnww&ixlib=rb-4.0.3&q=80&w=2000) Photo by [fabio Spano](https://unsplash.com/@kilgrim?ref=themarketsunplugged.com) / [Unsplash](https://unsplash.com/?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) --- ## DXY: The Final Barrier to Bitcoin’s Rally The [**DXY (US Dollar Index)**](https://www.themarketsunplugged.com/dxy-trends-and-their-profound-impact-on-the-crypto-market-insights-for-q4-2024-and-beyond/) 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**](https://www.themarketsunplugged.com/smart-start-ta-series-47-the-wyckoff-method-accumulation-and-distribution-in-crypto-markets/) – 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](https://www.themarketsunplugged.com/member-video-updates/). Members get two exclusive market breakdowns each week, plus a live session where we go over everything in real-time. [Join now here.](https://www.themarketsunplugged.com/membership-3/) That’s all for today. **Like, comment, and subscribe. See you in the next update.** ---