Bitcoin Smashes $90K Barrier—Now the Make-or-Break Line for Bulls

Bitcoin’s surge past $90,000 isn’t just a number—it’s the new litmus test for crypto conviction. Traders who scoffed at ’overpriced’ BTC at $60K are now quietly recalculating their FOMO thresholds.

Why $90K matters: The psychological barrier has flipped from resistance to support. Break it cleanly, and the road to six figures looks inevitable. Stumble here, and the ’smart money’ will start lecturing about ’healthy corrections’ (read: panic-selling dressed up as wisdom).

Meanwhile, Wall Street’s latecomers are still waiting for that ’regulated, institutional-friendly’ Bitcoin ETF—bless their risk-averse hearts.

In Brief

• Bitcoin could establish solid support around $90,000, according to on-chain data and recognized models.
• Long-term investor accumulation strengthens bitcoin scarcity and supports this hypothesis.
• The massive withdrawal of bitcoins from exchanges confirms a desire for off-market storage.
• Growing institutional interest boosts the bullish trend and reduces market volatility.

The Awakening of Dormant Capital Validates a New Price Floor

Over the past week, bitcoin has risen from $84,000 to over $94,000, marking a notable bullish momentum.

According to CryptoQuant, a reputable on-chain analysis platform, this movement is supported by a key indicator: “apparent demand”.

This metric measures the evolution of supply that has been inactive for more than a year. CryptoQuant reported on April 26, 2025, on the social network X (formerly Twitter) :

Apparent demand for bitcoin has increased, indicating a spectacular recovery after a period of negative demand estimated at -200,000 BTC.

Such a massive return of dormant capital reflects a renewed appetite from investors, long absent after several months of selling pressure and market apathy.

Several key elements confirm this buyer return dynamic :

• The return of “apparent demand” : the indicator shifted from a negative demand of -200,000 BTC to a positive dynamic ;
• Sustained price increase : bitcoin rose from $84,000 to over $94,000 in seven days ;
• Stability above $90,000 : BTC price remained above this symbolic threshold for more than four consecutive days ;
• The formation of ascending lows : a series of “ascending lows” indicates a building bullish trend.

According to CryptoQuant, the conjunction of these factors strengthens the credibility of the $90,000 threshold as a new technical support. This strategic level contrasts with the more erratic fluctuations observed during previous market correction phases.

Technical Consolidation and Institutional Support Fuel the Momentum

While bitcoin now stabilizes above $94,000, several indicators point to a continuation of the bullish movement. The Relative Strength Index (RSI) remains favorably oriented, suggesting that there is still room for growth before reaching overbought levels.

This consolidation phase at historically high levels reflects a maturing market, supported by a 14.76 % increase in trading volumes, reaching $35.46 billion.

Alongside these technical signals, the appetite of institutional players continues to exert major influence on bitcoin’s trajectory. Michael Saylor, CEO of MicroStrategy, reaffirms his commitment to bitcoin with the enthusiastic comment “bitcoin progresses or adapts faster” upon crossing $95,000, illustrating this renewed enthusiasm among major financial players.

This strategic accumulation by institutions could support current price levels but also foster a new medium-term bullish impulse.

In the longer term, the combination of consolidated support at $90,000, robust technical fundamentals, and strong institutional backing could pave the way for new highs in bitcoin. However, the intrinsic volatility of the crypto market requires caution.

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