Bitcoin price is positioning itself for a potentially explosive move that could do well above the previous all-time highs. Analysts are closely watching a critical resistance level near $116,000, which could serve as the final hurdle before BTC catapults into uncharted territory above $126,000.
Analyst predicts new Bitcoin price all-time high
Crypto analyst Donny Dicey revealed in an X post on social media this week that the $116,000 price level is the decisive zone that Bitcoin must break to confirm a breakthrough to a new all-time high. His technical analysis suggests that once BTC makes a clean break above this resistance area, momentum could quickly take it above $126,000.
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Notably, Bitcoin set a new ATH on October 6, 2025, after breaking its previous record above $124,000. climbing past $126,000. Since reaching this level, the price of BTC has increased dropped dramatically to $115,000. The accompanying chart from Dicey shows the market steadily recovering after testing support around $108,000, marked as a “market structure break” region, with bullish price action consolidating above $109,000.
The analyst has highlighted that every day that Bitcoin maintains a close above $109,000 increases the chances of a strong upward move as the market approaches November. This period coincides with the Federal Open Market Committee (FOMC) next meeting, where investors anticipate easing signals such as interest rate cuts or the formal end of interest rates Quantitative Tightening (QT).
Dicey also notes that this is bullish S&P500 profits, easing global trade tensions due to a possible deal between the two countries US President Donald Trump and Chinese President Xi Jinping, and improving ISM production data point to a macro environment supportive of risky assets. A community member commented that whales may have underestimated how much BTC demand will persist under these conditions. Dangerous responded that these same whales could become ‘exit liquidity’ as Bitcoin accelerates higher, potentially missing the strongest phase of this cycle.
Consolidation above January highs indicates unbreakable strength
In a follow-up analysis, Dicey marked Bitcoin’s remarkable stability above January highs, with its price structure described as “unbreakable” amid global macroeconomic uncertainty. He pointed to several converging factors that strengthen BTC’s resilience, including continued fiscal and monetary expansion weakening of the US dollarand renewed confidence in the global business cycle.
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The analyst also emphasized that geopolitical tensions are related Relations between the US and China appear to be deteriorating. At the same time, ETF inflows and the exponential growth in the artificial intelligence (AI) sector are helping to act as a tailwind for digital assets. He revealed that despite strong underlying fundamentals, skepticism remains widespread in the market.
According to him, many still believe in the traditional four-year cycle storywhile retail enthusiasm has not yet fully returned. Furthermore, the Russell 2000 index has yet to break out, and rotation from traditional assets, such as the S&P 500 and gold, into Bitcoin remains limited. With these developments undermining broader market participation, Dicey suggests this creates the perfect stage for a powerful rally in BTC once sentiment shifts decisively.
Featured image from Pixabay, chart from Tradingview.com