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Bitcoin Smashes $90K: Rally Defies Gravity as Traders Chase New ATH

Bitcoin Smashes $90K: Rally Defies Gravity as Traders Chase New ATH

Published:
2025-04-22 17:05:00
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BTC’s parabolic surge leaves analysts scrambling—just another day in crypto’s casino economy. Mainstream FOMO meets institutional greed as the ‘digital gold’ narrative gets a fresh coat of paint. Meanwhile, traditional finance still can’t decide if it’s a scam or the future.

Wise men who hold a sacred tablet of bitcoin at ,000.

In brief

  • Bitcoin crossed $90,000 on April 22, 2025, reaching $90,444, a gain of +3.48% in 24h.
  • $88,000 technical threshold broken, strengthening bullish signals and forecasts up to $166,250 by July.
  • A 90% drop in transaction fees on the Bitcoin network contributes to this positive momentum.
  • Despite a similar fee drop, Ethereum does not follow the same bullish trajectory due to structural differences.

Breaking the $90,000 Mark: A Strong Technical Signal for Bitcoin

On April 22, 2025, Bitcoin again surpassed the $90,000 mark, reaching exactly $90,444, a 3.48% increase over 24 hours compared to the $87,400 recorded the day before! This rise marks the breaking of a major technical resistance at $88,000, signaling strengthened bullish momentum.

BTCUSD chart by TradingView

Christopher Lewis, an analyst at FXEmpire, points out that this symbolic threshold could propel bitcoin toward the previous consolidation zone, with a potential medium-term target of $110,000. In the short term, technical indicators, including the bullish crossover of the MACD, suggest continued positive momentum. Some analysts even mention the possibility of a 90% increase by July, which would bring BTC to about $166,250.

Factors Behind This Spectacular Rise

Among the macroeconomic factors influencing this surge is a significant reduction in transaction costs. Indeed, on the Bitcoin network, gas fees have been cut by 90%, the lowest in a year! This has certainly played a notable role in the rise, making transactions more attractive to investors and users.

However, this fee reduction also applies to Ethereum, whose fees have also fallen by 90%. Despite this, Ethereum has not experienced a comparable rise to bitcoin. This divergence can be explained by network-specific factors, such as technological developments, use cases, and investor perception.

BTC breaking through $90,000 reflects increased investor confidence, embodied by the 13,000 institutions trusting Michael Saylor and his bitcoin strategy. The short- and medium-term outlook remains optimistic, especially as the crypto queen ROSE to $91,000 at the time of writing. Nevertheless, caution remains necessary amid the inherent volatility of the crypto market.

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