Bitcoin is preparing to consolidate at 90,000 dollars
As Bitcoin surpasses new psychological thresholds, it redraws the map of digital economic cycles. Now, a consensus is emerging among experts: support around 90,000 dollars could become a lasting strategic base. Between validation from on-chain data and projections from recognized valuation models, this hypothesis is gaining ground and fueling market expectations, already driven by the rise of institutional adoption.
Over the past week, Bitcoin advanced from 84,000 dollars to over 94,000 dollars, marking a remarkable bullish dynamic.
Such a massive return of dormant capital reflects a renewed appetite from investors, who had been absent for months due to selling pressure and market apathy.
Several key elements confirm this buyer return dynamic:
The return of 'apparent demand': the indicator changed from a negative demand of -200,000 BTC to a positive dynamic;
A sustained increase in price: Bitcoin went from 84,000 dollars to over 94,000 dollars in seven days;
Stability above 90,000 dollars: the price of BTC remained above this symbolic threshold for more than four consecutive days;
Formation of ascending lows: the succession of 'ascending lows' indicates a bullish trend in the making.
While Bitcoin now stabilizes above 94,000 dollars, several indicators point to the continuation of the bullish movement. The Relative Strength Index (RSI) remains favorably oriented, suggesting that there is still room for progress before reaching overbought levels.
In the long term, the combination of consolidated support at 90,000 dollars, robust technical fundamentals, and marked institutional support could pave the way for new highs for Bitcoin. However, the intrinsic volatility of the crypto market imposes caution.
