Bitcoin is trading above $90K after experiencing extreme selling pressure last week, which drove the price as low as $78,100 and broke through key demand levels. However, the market quickly recovered following President Trump’s announcement that he plans to establish a U.S. strategic crypto reserve, including Bitcoin and select altcoins like XRP, SOL, ADA, and ETH. This statement injected confidence back into the market, fueling Bitcoin’s rebound.
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Despite this recovery, the road ahead remains uncertain as Bitcoin faces key technical levels that could define the next move. According to top analyst Axel Adler’s data on X, Bitcoin is currently trading at $92K, with support levels resting around the 200-day simple moving average (SMA) at $82,314 and the realized price for short-term holders in the 3-to-6-month range at $79,290. On the resistance side, Bitcoin must break through the realized price for short-term holders in the 1-week-to-1-month range at $97,478 and the 1-month-to-3-month range at $99,395.
As Bitcoin continues to stabilize above $90K, analysts believe a breakout above $100K could trigger renewed bullish momentum, while failing to hold above key support levels could result in another wave of selling pressure. The next few days will be critical in determining Bitcoin’s next major move.
Bitcoin Price Action Remains Uncertain
Bitcoin is about to enter a critical phase as the market shifts from fear to excitement following President Trump’s announcement of a U.S. crypto strategic reserve. The announcement has ignited bullish sentiment across the market, with Bitcoin surging over 12% since the news broke. Just three days ago, Bitcoin was breaking down below key demand levels, and now, speculation is growing about the potential for a massive bull run.
Market sentiment flipped from extremely bearish to bullish in a matter of hours, reinforcing the argument that Bitcoin remains in a strong uptrend. Analysts are watching key levels closely to determine if BTC can sustain this momentum. Adler’s insights on X reveal that Bitcoin is currently trading at $92K, with critical support resting around the 200-day simple moving average (SMA) at $82,314 and the realized price for short-term holders in the 3-to-6-month range at $79,290.
Bitcoin Support and Resistance | Source: Axel Adler on X
On the resistance side, Bitcoin must break through the realized price for short-term holders in the 1-week-to-1-month range at $97,478 and the 1-month-to-3-month range at $99,395. Additionally, the short-term holder realized price at $91,096K could act as a local support level.
While the price action has improved significantly, some analysts warn that BTC needs to hold above $90K to maintain bullish momentum. The futures market also remains stable, with no significant leverage buildup, reducing the chances of sudden liquidations. Investors are closely monitoring the $97K–$100K range, as breaking above it could trigger an explosive rally.
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The market is heating up quickly, but the big question remains: Can BTC reclaim $100K this week? With renewed optimism and rising speculation, all eyes are on Bitcoin’s next move.
Price Action Details: Holding Key Levels
Bitcoin is trading at $91,800, holding above the key $90K mark after experiencing a sharp recovery from last week’s extreme selling pressure. The price struggled below this level for several days, dropping as low as $78K, fueling speculation that Bitcoin could be entering a bear market. However, bulls have regained some control, and Bitcoin has managed to stabilize above this crucial demand zone.
BTC rebounds from long-term demand | Source: BTCUSDT chart on TradingView
This recovery has shifted market sentiment, with many analysts now considering the possibility of a renewed bullish phase. If BTC continues to hold above $90K and pushes toward $95K in the coming days, it could set the stage for an attempt to reclaim the psychological $100K level. Breaking above this milestone would likely confirm a full recovery and signal the continuation of Bitcoin’s long-term uptrend.
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However, losing the $90K level again could spell trouble for bulls. A breakdown below this key support could reignite bearish momentum, potentially sending BTC back toward the $85K or even $80K regions. The next few days will be critical as bulls attempt to solidify their position and push BTC toward a stronger recovery phase. All eyes are now on whether Bitcoin can maintain this level and build momentum for another rally.
Featured image from Dall-E, chart from TradingView
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