The cryptocurrency market has seen a remarkable surge in Q2 2025, with Bitcoin leading the charge. Following a 28% increase, BTC has now surpassed $105,000 and even reached a new all-time high of $111,917 earlier this month. However, questions remain about whether this represents a ceiling or if further gains are in store. Historical patterns offer clues to Bitcoin’s future trajectory. Analysis suggests the cryptocurrency may be repeating a well-established historical pattern, one that has led to explosive rallies in the past. This pattern appears to involve periods of sideways consolidation after breaking previous highs, similar to what we saw in early July 2017 and again in early January 2021. If this holds true, Bitcoin could be entering its initial surge toward new all-time highs. A second, explosive rally might be on the horizon. This is supported by Bitcoin Dominance (BTC.D), which has a history of peaking right before Bitcoin’s next leg up in the cycle. During both 2017 and 2021, BTC dominance reached its peak during the consolidation phase. Then, it sharply declined as BTC soared and capital flowed into other cryptocurrencies. Currently, we’re witnessing a very similar setup. BTC.D is nearing resistance and has entered an historically critical zone. If dominance peaks again in the coming weeks, it could signal the start of Bitcoin’s second leg up. This could push prices to previously unexplored territory. However, it’s worth noting that these historical patterns only offer part of the picture. Macroeconomic conditions, ETF flows, and regulatory developments will also play a crucial role in determining Bitcoin’s ultimate destination within this bull run.