Bitcoin Shows Strong Bullish Momentum—Could $90K Be the Next Target?

As of April 15, 2025, Bitcoin’s price action indicates a potential continuation of its bullish trend, with analysts speculating that the $90,000 mark may soon be within reach. Market sentiment remains optimistic as key technical indicators and trading volumes support the possibility of further upward movement. Institutional interest and macroeconomic factors are also contributing to the positive outlook, suggesting that Bitcoin could be poised for another significant rally. Traders and investors are closely monitoring resistance levels and market dynamics to gauge the likelihood of this milestone being achieved in the near term.

Bitcoin Price Eyes More Gains

Bitcoin price started a fresh increase above the $82,500 zone. BTC formed a base and gained pace for a move above the $83,000 and $83,500 resistance levels.

The bulls pumped the price above the $84,500 resistance. A high was formed at $85,850 and the price recently started a downside correction. There was a move below the $84,000 support. The price dipped below the 23.6% Fib retracement level of the upward move from the $78,600 swing low to the $85,850 high.

However, the bulls were active near the $83,000 zone and the price recovered losses. Bitcoin price is now trading above $83,500 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $84,200 on the hourly chart of the BTC/USD pair.

On the upside, immediate resistance is NEAR the $85,000 level. The first key resistance is near the $85,500 level. The next key resistance could be $86,200. A close above the $86,200 resistance might send the price further higher. In the stated case, the price could rise and test the $87,500 resistance level. Any more gains might send the price toward the $88,000 level.

Another Rejection In BTC?

If Bitcoin fails to rise above the $85,500 resistance zone, it could start another decline. Immediate support on the downside is near the $84,200 level and the trend line. The first major support is near the $83,200 level.

The next support is now near the $82,200 zone and the 50% Fib retracement level of the upward move from the $78,600 swing low to the $85,850 high. Any more losses might send the price toward the $81,500 support in the near term. The main support sits at $80,800.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $84,200, followed by $83,500.

Major Resistance Levels – $85,500 and $85,850.