Bitcoin is approaching a critical resistance level that could define its next major move, according to cryptocurrency analyst Michaël van de Poppe. As the U.S. government shutdown nears resolution, market sentiment is shifting toward optimism, potentially igniting a bull run across cryptocurrencies. This development comes at a pivotal time for BTC, with traders eyeing the $110,000 mark as a key barrier. Breaking through this resistance could propel Bitcoin toward its all-time high, while altcoins are expected to outperform significantly during this phase.

Analyzing Bitcoin's Resistance and Potential Breakout

In his recent analysis on November 10, 2025, Michaël van de Poppe highlighted the crucial resistance for Bitcoin around $110,000. This level has been a formidable barrier in recent trading sessions, where BTC has shown resilience amid broader market volatility. Traders should monitor volume spikes and on-chain metrics, such as increased whale activity or rising transaction volumes, as indicators of a potential breakout. If Bitcoin surpasses $110,000, it could trigger a rally aiming for previous all-time highs, possibly exceeding $120,000 in the short term. Support levels to watch include $100,000 and $95,000, which have held firm during recent dips. The resolution of the government shutdown is seen as a bullish catalyst, reducing uncertainty and encouraging institutional inflows into crypto markets. This could correlate with positive movements in stock indices, creating cross-market trading opportunities for diversified portfolios.

Altcoins Poised for Outperformance in a Bitcoin Rally

Van de Poppe also emphasized that altcoins are likely to heavily outperform Bitcoin if the breakout occurs. This altcoin season scenario often follows Bitcoin's dominance peaks, where capital rotates into smaller-cap tokens. Key altcoins like Ethereum (ETH), Solana (SOL), and Chainlink (LINK) could see amplified gains, with ETH potentially testing $5,000 resistance amid layer-2 scaling developments. Trading volumes in altcoin pairs, such as ETH/BTC and SOL/BTC, have shown increasing liquidity, suggesting building momentum. Investors should consider relative strength index (RSI) readings above 70 as overbought signals, but in a bull market, these can sustain for extended periods. On-chain data from sources like Glassnode indicates rising active addresses in altcoin networks, supporting the outperform thesis. For traders, this presents opportunities in leveraged positions or spot accumulations, but risk management is essential given the volatility.

The broader market context ties into global economic factors, with the impending end of the government shutdown potentially boosting investor confidence. Bitcoin's correlation with traditional assets like the S&P 500 has strengthened, meaning positive stock market closes could amplify crypto gains. Technical indicators, including moving averages, show the 50-day MA crossing above the 200-day MA in a golden cross pattern for BTC, reinforcing bullish sentiment. However, traders must remain vigilant for false breakouts; a rejection at $110,000 could lead to a pullback toward $105,000 support. In terms of trading strategies, scalpers might focus on intraday fluctuations around this resistance, while long-term holders could view dips as buying opportunities. The expected altcoin outperformance underscores the importance of portfolio diversification, with allocations shifting toward high-beta altcoins for maximized returns in a rally. Overall, this setup highlights Bitcoin's role as a market leader, with its breakthrough potentially unleashing widespread crypto enthusiasm and driving trading volumes to new highs.

From a trading perspective, current market indicators suggest caution mixed with optimism. Without real-time data, historical patterns from similar resistance tests in 2021 and 2024 show that breakouts often follow periods of consolidation. Volume-weighted average prices (VWAP) around $108,000 could act as immediate support in any retracement. For those exploring futures trading, open interest in BTC perpetual contracts has been climbing, indicating growing speculative interest. Altcoin traders should track Bitcoin dominance metrics; a drop below 50% would confirm the shift to altcoin gains. Institutional flows, as reported in various market analyses, are increasingly favoring spot Bitcoin ETFs, which could provide the liquidity needed for sustained rallies. In summary, the resolution of external factors like the government shutdown positions Bitcoin for a potential surge, with altcoins ready to capitalize. Traders are advised to set stop-loss orders below key supports and monitor news updates closely for optimal entry points. This analysis underscores the dynamic nature of crypto markets, where resistance breaks can lead to exponential opportunities.