Bitcoin Poised for Major Breakout: $90,000 Target in Sight as Market Volatility Subsides

Bitcoin (BTC) is showing signs of a potential breakout, with analysts eyeing the $90,000 mark as its next major target. After a period of volatility driven by geopolitical tensions, including the US trade tariff war, BTC has stabilized within the $83,000-$86,000 range. The cryptocurrency recently rebounded from a sub-$80,000 correction earlier this month, fueled by the US President’s decision to pause tariffs on over 75 countries for 90 days. This development has injected Optimism into the market, with traders anticipating BTC’s ’next big move’ as early as next week. The pause in tariffs has alleviated some macroeconomic pressures, allowing Bitcoin to regain its footing above $80,000. As the market digests these developments, all eyes are on whether BTC can sustain its momentum and reclaim new highs.

Bitcoin Ready To Reclaim $90,000? BTC’s ‘Next Big Move’ Could Come Next Week

Amid market volatility, Bitcoin (BTC) has been trading between the $83,000-$86,000 price range, recovering from the sub-$80,000 correction at the start of the month. Notably, BTC experienced significant volatility due to the ongoing trade tariff war between the US and dozens of countries. However, after the US President Donald Trump paused the tariff on over 75 countries for 90 days, BTC’s price rebounded above the $80,000 mark. Some analysts suggest that a breakout from the key resistance level might be imminent.

Altcoin Season Buzz Builds as Bitcoin Dominance Hits Critical Resistance

Bitcoin dominance is close to historical resistance levels, and the Fed’s asset bottom signals a reversal. Analysts have pointed out that a great altcoin season always needs correct Fed rate cuts and more macro liquidity. Scottie Pippen has predicted that the altcoin season might begin on April 20. Several analysts expect a head-and-shoulders pattern reversal that may open the door to altcoins. The altcoin season index is at historically low levels, which commonly happens before altcoins surge, especially before attaining a parabolic trend.

Bitcoin Whales Keep Strong Accumulation Trend

Bitcoin is currently in a consolidation phase after enduring weeks of selling pressure and heightened volatility. Despite struggling to break above the $90K level, BTC continues to hold strong above the $80K–$81K zone. Macroeconomic tensions persist, with the ongoing trade conflict between the United States and China fueling global uncertainty. However, on-chain metrics suggest that larger players remain confident. According to data from Glassnode, wallets holding more than 10,000 BTC continue to accumulate, with their trend score hovering NEAR 0.7, indicating sustained bullish sentiment.

Brazilian Court Jails Three Men for $190 Million Crypto Ponzi Scheme

Brazilian court has jailed three men, Joel Ferreira de Souza, Gesana Rayane da Silva, and Victor Augusto Veronez de Souza, for a crypto Ponzi scheme that defrauded at least 20,000 investors of funds estimated to be around $190 million. The defendants promised unrealistic returns on Bitcoin investments, luring Brazilians into the deceptive pyramid scheme that gained global attention. The scandal has been a significant case with many awaiting its outcome.

Michael Saylor’s Strategy Outperforms Big Tech Stocks with Bitcoin Returns

Michael Saylor’s strategy, which made a bold pivot towards Bitcoin before digital currencies became mainstream, has outperformed big tech stocks. While established tech companies focused on artificial intelligence and cloud computing, MicroStrategy, under Saylor’s leadership, began investing a significant portion of its cash reserves into Bitcoin in August 2020. The firm pivoted to Bitcoin due to concerns about inflation and the diminishing purchasing power of fiat currencies. The strategy is now reaping the benefits of what many considered a risky investment when it bet on Bitcoin as its primary reserve asset.

Is Bitcoin’s Bull Market Just Getting Started?

Although Bitcoin’s price tumbled by over 20% since its January all-time high at over $109,000, a crucial metric suggests that the actual cycle peak is not here yet. The price gradually declined until the end of January and then nosedived due to global economic uncertainty. Last week, BTC tumbled below $75,000 for the first time in five months, losing nearly $35,000 in less than three months. The community is divided on whether the bull market has concluded.