Bitcoin (BTC) has remained a focal point for investors as it inches closer to the highly anticipated $90,000 mark. With growing market optimism, BTC has maintained its bullish momentum, trading at $88,141—up over 1% in the last 24 hours. Despite a slight dip in trading volume to $28 billion, analysts foresee further gains for the world’s largest cryptocurrency.
Analysts Predict BTC Surge Past $90K
Crypto expert Michael van de Poppe asserts that Bitcoin’s consistent retests indicate an ongoing uptrend. He believes BTC is poised to break past the $90,000 resistance in the coming days. Similarly, market strategist Rekt Capital highlights a historical pattern in Bitcoin’s price action, drawing comparisons to its 2021 consolidation phase. Notably, BTC is trading between the 21-week and 50-week Exponential Moving Averages (EMAs), a setup that previously preceded an all-time high rally.
The strongest way of trending upwards: gradual and constant retests.
— Michaël van de Poppe (@CryptoMichNL) March 26, 2025
I'm expecting that we'll continue to trend towards $90K in the coming days.
I also assume that the likelihood of the low to be seen increases day after day. pic.twitter.com/0acwCDXDcp
If Bitcoin follows this historical precedent, a fresh record-breaking rally could be on the horizon. Meanwhile, crypto trader Javon Marks provides an even more bullish outlook, setting a target of $116,652. According to Marks, Bitcoin’s macro indicators strongly suggest the continuation of the current bull cycle, potentially leading to unprecedented price levels.
Whale Accumulation Fuels Optimism
Adding to the bullish sentiment, on-chain data from analyst Ali Martinez reveals a surge in whale accumulation. Recent reports show that 48 new wallets now hold over 100 BTC each, signaling growing confidence among institutional investors. Historically, increased whale activity has been a precursor to major price surges, reinforcing expectations for Bitcoin’s continued ascent.
Regulatory and Institutional Support Strengthen BTC’s Outlook
Beyond technical indicators, fundamental developments also support Bitcoin’s upward trajectory. The launch of Bitcoin Exchange-Traded Products (ETPs) by 21Shares and BlackRock in the European market signifies growing institutional adoption. This development could further enhance Bitcoin’s mainstream acceptance, contributing to higher demand and price appreciation.
Also Read: Bitcoin & Ethereum on Track for Worst Q1 Since 2020 – No Rapid Recovery in Sight
While Bitcoin’s bullish momentum appears intact, market volatility remains a key factor. Experts like Arthur Hayes predict BTC could reach $110,000 in the near term, but short-term fluctuations may continue to test investor patience. Nonetheless, given the strong macroeconomic indicators and increasing institutional interest, Bitcoin’s long-term outlook remains highly promising.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
