After a strong rally that sent Bitcoin to its highest level in months, the world’s largest cryptocurrency is cooling off. BTC briefly touched $94,000 on Wednesday, driven by optimism around easing U.S.-China trade tensions. But by Thursday morning, Bitcoin had slipped 1.9% to $92,370, according to CoinDesk data.
Altcoins Slide Alongside $BTC
The pullback wasn’t limited to Bitcoin. The rest of the crypto market also saw red:
Ethereum ($ETH ) dropped 1.8%
XRP fell 4.5%
Solana ($SOL ) slid 2.5%
Dogecoin (DOGE) took the hardest hit, falling 5%
Is $91K the New Roadblock?
According to Ryan Lee, Chief Analyst at Bitget Research, Bitcoin is hitting resistance around the $91,275 mark. “This level is likely where many traders are looking to break even,” Lee said. “Without strong ETF inflows or a breakout above $95,000, Bitcoin could enter a consolidation phase or even dip back into the $85,000–$90,000 range.”
What Could Drive the Next Surge?
To break higher, Bitcoin will likely need a fresh wave of momentum — and that could come from several key areas:
Increased institutional investment, particularly through spot ETFs
Improving macroeconomic indicators
Stronger market liquidity
Bottom Line
Bitcoin’s recent rally shows there's still bullish energy in the market — but it’s not a one-way street. As always, traders should keep a close eye on broader economic signals and price trends. A sustained move above $95,000 could be the green light for the next leg up.
Until then, expect volatility — and opportunity.
