Bitcoin Holds $118K — Next Stop: $132K?

Bitcoin is holding firm above $118,000, currently trading at $118,274, shrugging off recent market volatility. This resilience is fueling optimism that the crypto king may be gearing up for its next leg higher.

Analysts now highlight $127,000–$132,000 as the next potential target, but they caution investors to wait for solid breakout confirmation. Crypto is notorious for sudden reversals, and premature excitement could backfire.

Meanwhile, altcoins are warming up. XRP is rebounding, Ethereum holds strong, and smaller-cap tokens are beginning to move. This points to a possible money rotation into the broader market.

Adding fuel to the fire, Bitcoin dominance is declining, historically a bullish signal for altcoins. Simultaneously, USDT dominance is also falling, suggesting that capital is moving into riskier assets, potentially indicating an incoming altcoin rally.

In a headline-making move, a whale sold 80,000 BTC worth $9 billion via Galaxy Digital. Surprisingly, the market absorbed the selloff without a crash — a sign of strong buying demand.

With liquidity increasing globally and whales continuing to accumulate, the next rally might arrive sooner than expected.