Bitcoin has surged past the $105,000 mark, defying a hesitant response from altcoins. The positive sentiment surrounding the meeting between Trump and Putin played a role in the short-term price rally. However, recent news from China and Moody’s credit downgrade have dampened market risk appetite. Despite these hurdles, analyst Kyle observes early signs of bullish momentum. The surge in Bitcoin transaction fees suggests growing demand and energy within the markets. Kyle argues that this increase in fees, reaching its peak for the year, could signify a larger rally. If Bitcoin manages to reclaim the $105,000 level without simply mirroring a liquidity play, it may set the stage for a new all-time high.