Bitcoin (BTC) Poised to Surge to $90,000 — Is This the Beginning of a New Bull Run?

Jakarta, Pintu News – Bitcoin (BTC) seems to be preparing for a rally towards $90,000 after demand seemingly picked up from the negative zone.

Despite signs of recovery, experts advise caution as the market has yet to fully confirm a trend reversal.

Check out the full analysis below!

Bitcoin (BTC) Demand Recovery

Demand for Bitcoin (BTC) shows signs of recovery after being in a negative sentiment for several weeks. The 30-day sum of apparent demand has moved into positive territory, indicating a possible change in Bitcoin (BTC) market behavior.

While this is an encouraging signal, some analysts argue that it does not necessarily signal the beginning of an overall market reversal. This recovery comes amidst the general uncertainty surrounding the crypto market.

Investors and market watchers are advised to monitor other indicators that can provide a clearer picture of Bitcoin’s (BTC) future direction.

Also read: Top 10 Cryptos Ready to Lead the Rally in April 2025

Bitcoin (BTC) Hashrate and Network Trust

Along with the apparent increase in demand, the Bitcoin (BTC) hash rate has also increased. This increase indicates higher optimism among miners even though the Bitcoin (BTC)/USD price trend is still moving sideways.

A higher hash rate indicates better network security and more dispersed mining, both of which are positive for Bitcoin (BTC) in the long run.

This increased trust in the Bitcoin (BTC) network is important, especially in times when the market experiences a lot of fluctuation. Improved security and wider mining distribution can help maintain the integrity and value of Bitcoin (BTC) in the eyes of investors.

Read also: Why Do Crypto Markets Crash Constantly?

Support and Resistance Levels to Watch Out for

Bitcoin (BTC) price is currently testing critical support levels, with the most important level recorded at $82,024. This level is where 96,580 Bitcoin (BTC) was previously accumulated and is a key area to watch closely.

As the price of Bitcoin (BTC) continues to rise, several key resistance levels exist. The first Bitcoin (BTC) price resistance level ranges from $74,000 to $78,000, and the current price has tested and broken this level.

The upward break of this range has led to a surge in the price of Bitcoin (BTC) towards the next target, which is the important control point of $97,000.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Bitcoin Price Eyes Rally to $90K as BTC’s Demand Bounces from Negative Zone. Accessed on April 16, 2025
• Featured Image: Generated by Ai