SteemitCryptoAcademy-Bitcoin and Crypto Markets Analysis - May 07, 2025 - Bitcoin: Bullish Trend and Seasonal Outlook for Altcoins
Hello steemians,
This weekly chart of the evolution of Bitcoin against the US dollar highlights a solid bullish trend started since the end of 2022, supported by an ascending trend line clearly respected by prices, and recently confirmed by a break above the $95,000 threshold, this structure indicates that the market remains technically positive, especially after reaching a first target around $107,673, corresponding to a previous resistance level, which confirms the progression towards more ambitious targets.
Based on the Fibonacci projection, we observe several potential future price levels: 115,000 $, 124,548 $, and up to 143,453 $, which could be reached by the end of 2025, provided that the market continues to respect this upward dynamic, the green shaded area on the chart suggests a favorable timing for this progression, probably corresponding to a seasonal anticipation or a historical bullish cycle of Bitcoin.
It is important to emphasize that as long as the critical support at $78,167 remains intact, the bullish scenario remains favored, a weekly close below this threshold would likely invalidate the current cycle, which could delay or even cancel the achievement of higher targets.
Concerning altcoins, their performance remains closely correlated to the dominance of Bitcoin, as long as the latter is in a vertical rise phase, the dominance of BTC remains strong, preventing altcoins from taking off, however, once Bitcoin has reached a local peak and enters a phase of lateralization (horizontal consolidation), this will probably mark the beginning of the decline of its dominance and the opening of an "altcoin season", during which capital will redirect towards alternative cryptos.
In short, despite a difficult period marked by volatility, the market remains structurally positive and oriented upwards, and as is often the case in Bitcoin bullish cycles, the return of bullish momentum can occur in just a few weeks, erasing in one month the losses accumulated over several quarters.
Warm regards,
@kouba01 (Steem Representative)
