Bitcoin needs to reclaim the $103,000 and $106,000 levels to pave the way for a new all-time high, according to Glassnode co-founders Jan Happel and Yann Allemann. These thresholds are identified as crucial psychological and technical barriers that could ignite a strong bullish trend, potentially driving Bitcoin's price towards $110,000 to $113,000. The analysts suggest that a successful rally in Bitcoin could also stimulate movements in the broader altcoin market, with major cryptocurrencies like Ethereum expected to follow suit. They advise investors to exercise patience and strategic positioning during this critical phase.