Bitcoin has smashed a historic technical barrier that previously held through multiple bull markets. This breakout could signal the beginning of a much larger upward cycle for both BTC and altcoins.
Bitcoin has officially broken above an 8-year resistance trendline that previously capped its rallies in 2017, 2021, and as recently as May 2025. The price surpassed $117,000, entering what analysts call “price discovery,” a phase where the market establishes new highs without previous reference points.
According to analyst AltcoinGordon, this technical breakout is not just significant—it may be the start of a parabolic rally. He suggests that if bullish momentum holds, Bitcoin could surge past the $130,000 mark in the near term.
This development also has major implications for the broader crypto market. As BTC enters price discovery, altcoins typically experience amplified gains. AltcoinGordon noted, “When Bitcoin enters price discovery… alts go wild.”
Supporting this, the Altcoin Season Index from CoinMarketCap shows that 27 of the top 50 altcoins have already outperformed BTC over the past 90 days. Once more than half of the top altcoins do so consistently, an “altcoin season” is confirmed—something that’s occurred in previous bull markets, including 2021 when the index hit a peak of 98.
If this historical trend holds, the crypto market may be entering another explosive phase.
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CryptoFeedHub Note: This article is a rewritten summary based on external reporting. Original source: bitcoinist.com.