Healthy Correction or Bull Trap? Bitcoin (BTC) Aims for Resistance at $90,000!

Jakarta, Pintu News – The Bitcoin (BTC) market is currently showing interesting dynamics with the current price at $88,178. With historical support and expert predictions, the market still appears to hold cautious optimism.

However, with analysts debating whether this is just a correction or the beginning of a bear market, investors are advised to pay close attention.

Check out the full analysis here!

Short-Term Outlook: Correction or Bear Market?

On Easter Sunday of 2025, Bitcoin (BTC) reached a 17-year high on this holiday at $84,600. Since 2009-2010, Bitcoin (BTC) has shown unparalleled resilience and adoption.

However, at the moment, concerns exist about a potential drop below the $83,000 support level, which could trigger a stronger bearish reaction. According to CryptoQuant, the current market may only be experiencing a typical correction, rather than entering a full bear market cycle.

This opinion is supported by the price of Bitcoin (BTC), which is still above key support levels, although slightly below recent peaks. This analysis offers some relief for investors concerned about a potential further decline.

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Long-term Potential: A Bullish Future?

In the long term, many experts remain optimistic about the direction of Bitcoin (BTC). Arthur Hayes, co-founder of BitMEX, even stated that this might be the last chance to buy Bitcoin (BTC) below $100,000.

This prediction is supported by Bitcoin’s (BTC) recovery pattern after past corrections, which suggests that corrections are a healthy part of long-term growth. Robert Kiyosaki, author of Rich Dad Poor Dad, is also of the opinion that the price of Bitcoin (BTC) could reach between $180,000 and $200,000 by the end of 2025.

Kiyosaki and Hayes both see great potential in the future performance of Bitcoin (BTC), which could provide great opportunities for investors willing to persevere through market fluctuations.

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Market Indicators: Momentum and Investor Sentiment

The Fear and Greed Index, a widely used tool for measuring market sentiment, can be a valuable predictor of Bitcoin’s (BTC) next price movement. Currently, a high value of the index indicates a bullish sentiment that could push the price closer to and past $90,000.

This momentum is also being fueled by activity in the derivatives market, which is showing increased interest in Bitcoin (BTC). A recent report from BeInCrypto also indicates that Bitcoin (BTC) is poised to break above $90,000.

If it manages to cross this level, it could trigger a new bullish wave driven by low-point buying and derivatives traders. This indicates that, despite uncertainty, there are still strong driving forces in the market.

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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

• BeInCrypto. Bitcoin Eyes $90,000 Level, Analysts Split. Accessed on April 23, 2025
• Featured Image: Generated by AI