Psychological Reality: Weekly Market Review

KEY TAKEAWAYS

Bitcoin continues to hold below the $100,000 psychological resistance level
Alt coins have had some of their best weeks in years post US Election
2025 is likely to bring broader access to crypto markets on US brokerages

DIGITAL ASSET COMMENTARY

The $100,000 psychological level key resistance for BTC. Over the past 10 days, price has reconsolidated in a bullish manner on low timeframes. The chart pattern is suggestive of an inverted head & shoulders, with a measured move into $105,000. Any new local lows would suggest more consolidation is needed before another ATH attempt. We should see an answer on this diagonal resistance within the next week.

While BTC has been consolidating, alt coins have undergone a sharp repricing in relative value. Bitcoin Dominance, measured as Bitcoin’s market cap divided by the total market cap of all altcoins, has shown significant weakness over the past week for the first time since 2022. Many altcoins, especially those heavily impacted over the past two years, have made substantial gains since Election Day, driven by favorable regulatory tailwinds. Coins hit the hardest under the Gensler SEC, such as XRP, have surged by over 350%.

In 2025, we may see increased access to digital assets within traditional finance, driving further demand for crypto. The SEC has approved 24-hour trading, a key step toward aligning with spot crypto markets, which already operate 24/7. BTC miner Iris Energy (IREN) recently discussed the possibility of a BTC-denominated dividend, which could be made possible through US brokerages. Fidelity and Robinhood are already tooled for crypto wallets, with Schwab likely moving in that direction in the near future.

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