Bitcoin Nears Key Resistance Level; New BTC Price Prediction
Bitcoin is close to $90K now and the next few hours will determine whether it remains bullish or not as investors watch closely.
Quick overview
- Bitcoin is currently priced at $89,737, showing a 2% increase over the last 24 hours and nearing the $90K resistance level.
- Analysts are closely monitoring Bitcoin's potential to surpass $90K, which could lead to significant selling pressure if achieved.
- Investor sentiment is improving due to a proposed regulatory framework for cryptocurrencies, which could enhance market conditions.
- There is optimism that Bitcoin may break through $90K and potentially reach $100K, with expectations of a bullish trend later this year.
Now at $89,737 (BTC/USD), Bitcoin is closer to the $90K level than it has been in a few days and is sparking interest among investors with its potential to go bullish.
It appears that Bitcoin (BTC) may be able to move past the $90K resistance level today, and it has gained 2% over the last 24 hours. This is a key moment to watch since the coin struggled with the same important psychological level late last year.
BTC/USDBitcoin is still below the moving averages of the last 200 days and 100 days, and selling pressure risk remains elevated. If the coin surpasses $90K, it has strong potential to sell quickly and fall again. Analysts will be watching that behavior closely as the coin works its way back up toward its January high.
Can Bitcoin Regain $100K?
If Bitcoin passes $90,000, the next key level will be $100K, and the last time the coin hit that point was back in November. At that time, the BTC rate was falling from an October high and did not stop dropping until it hit $84K. So, Bitcoin’s last upward movement past $100K was all the way back in May of 2025. From there, the coin stayed above that level for months.
If Bitcoin can do a repeat of that performance, then the market sentiment will shift in its favor, and the coin will be likely to reach a new high. Investor sentiment is improving for the cryptocurrency market, thanks in part to a newly drafted bill that would set up a regulatory framework for cryptocurrencies.
This year could be especially profitable for the market if that bill passes. It would mean a solid shift from the government in favor of cryptocurrency and would open the door for banks and private individuals to access cryptocurrency more easily and safely.
We estimate that Bitcoin will move past $90K today and then will run into some extreme selling pressure. That could hold it back through the rest of the week, but a breakthrough may occur over the weekend that will help push the coin closer to $100K. Many analysts agree that Bitcoin has stayed down for too long for it to continue to be bearish for a lengthy period of time. Instead, they expect that it will surge and create a higher support level that allows the coin to set a new record later this year.
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