Bitcoin (BTC) is currently trading around the ~$90,000 level after a period of increased volatility. Despite signs of renewed institutional demand returning to the market, price action remains constrained under key resistance.
Some projections suggest that if a significant amount of BTC continues to be absorbed by ETFs over time, long-term upside could remain strong. However, in the short term, BTC has struggled to break the psychological resistance zone between $90K–$95K.
Market sentiment appears cautious ahead of major options expirations, which may contribute to further volatility in the near term.
Do you see Bitcoin holding above $90K and pushing higher into 2025, or is a deeper pullback more likely before the next move? Interested to hear different perspectives.
https://i.redd.it/0l3rfu2wbu8g1.jpeg
Posted by Sorry_Guidance_3434
4 Comments
I’m leaning cautiously bullish, but I think patience is key here. Holding above $90K is constructive, yet the $90K–$95K zone is heavy with supply and psychology. A short-term pullback or consolidation wouldn’t surprise me and might actually strengthen the next move. If ETF inflows stay consistent, I see dips as opportunities rather than trend reversals. Curious how others are positioning around this range.
This sub is like weather forecast but for nerds with astrology syndrome.
It’s a crazy year, gold and silver outperforming continuously where as BTC is still not in the game yet.
No idea where price will be next day or next year but long term it will go way up. There is just too much demand and a fixed supply.