The Bitcoin price is positioning for a potentially explosive move that could take it well . Analysts are closely watching a critical resistance level near $116,000, which may 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 in an X social media post this week that the $116,000 price level is the decisive zone Bitcoin must breach to confirm a breakout toward a new all-time high. His technical analysis suggests that once BTC achieves a clean break above this resistance area, momentum could swiftly carry it above $126,000. 

Notably, Bitcoin set a new ATH on October 6, 2025, after breaking through its previous record above $124,000 and . Since achieving this level, the price of BTC has . Dicey’s accompanying chart shows the market steadily recovering after testing support near $108,000, marked as a “market structure break” region, with bullish price action consolidating above $109,000. 

The analyst has emphasized that each day Bitcoin maintains a close above $109,000 strengthens the probability of a strong upward swing as the market heads into November. This period coincides with the next meeting, where investors are anticipating dovish signals such as rate cuts or the formal end of .

Dicey also notes that bullish earnings, easing global trade tensions from a potential agreement between and China’s President Xi Jinping, and improving ISM manufacturing data point to a macro environment supportive of risk assets. A community member that whales may have underestimated how much BTC’s demand tends to persist during these conditions. Dicey that the same whales might become “exit liquidity” as Bitcoin accelerates higher, possibly missing out on the strongest phase of this cycle. 

Consolidation Above January Highs Signal Unbreakable Strength

In a follow-up analysis, Dicey Bitcoin’s remarkable stability above its January highs, describing its price structure as “unbreakable” amid global macroeconomic uncertainty. He pointed to several converging factors that reinforce BTC’s resilience, including ongoing fiscal and monetary expansion, a , and renewed confidence in the global business cycle. 

The analyst also emphasized that geopolitical tensions tied to . At the same time, and exponential growth in the Artificial Intelligence (AI) sector contribute to acting as tailwinds for digital assets. He disclosed that despite strong underlying fundamentals, skepticism remains widespread in the market.

According to him, many still believe in the , while retail enthusiasm has not fully returned. Furthermore, has yet to breakout, and rotation from traditional assets, such as the S&P 500 and gold, into Bitcoin remains limited. With these developments subduing broader market participation, Dicey suggests it creates the perfect setup for a powerful rally in BTC once sentiment shifts decisively.