Bitcoin Achieves New Heights Alongside Strong Momentum
The leading cryptocurrency has surpassed the $91,000 threshold, attaining a two-week high amid bullish sentiment.
Following recent market fluctuations, BTC seems to be on a sustained upward trajectory. The latest spike in momentum has increased Bitcoin to $91,245, it is contending with 3% off the day’s low and nearly 7% up from a week prior.
After overcoming a significant resistance level of $88,700, subsequent price targets are estimated to be between $90,000 and $94,000.
Market analyst Daan Crypto Trades observed that BTC is still contending with the 200-day simple moving average resistance at approximately $89,000. “There are a multitude of resistances to contend with around here,” he remarked, “but with some fractional percentage changes, Bitcoin might slice through them all.”
Most traders seem to think that this could signal the start of the final rally of the ongoing market cycle. MicroStrategy’s Michael Saylor compounded that sentiment, with the remark, “Bitcoin is Climbing.”
Reasons for Bitcoin’s Latest Surge in Prices
Bitcoin’s price is arguably being influenced by several macro and market-specific elements. One key factor is the decline in the strength of the US dollar which makes Bitcoin look like a relatively safe bet against inflation and currency depreciation.
Concurrently, US-based Bitcoin ETFs are experiencing some of the largest daily inflows since the beginning of 2025 which suggests renewed interest from institutions. Robert Kiyosaki, the author of Rich Dad, Poor Dad, has recently gone out on a limb predicting Bitcoin to surge to between $180,000 to $200,000 by 2025.
While there is ongoing uncertainty in the market, Bitcoin investment continues to be relevant for investors.
Eric Balchunas from Bloomberg pointed out that Bitcoin has been trading in reverse to global stocks for some time now, which indicates that Bitcoin may now act as a hedge in diversified portfolios during bear markets.
What’s Next for Bitcoin After Breaking $91K?
Having recently surmounted the $91K bath, Bitcoin will now face resistance within the $90,000 to $94,000 range, which analysts have identified as a zone of consolidation. While some analysts argue that $92,000 looks to be the target, others believe there could be a breakout before retreating back down for a slight dip.
BTC, or Bitcoin, is currently facing resistance at the upper level of its Kumo Cloud, as pointed out by Titan of Crypto. Titan hypothesized that if Bitcoin closes above this cloud on a daily timeframe, it will run towards the Fair Value Gap at $92,000.
In addition to other analysts, Crypto Rover was remarking on Bitcoin’s price trajectory. He pointed out that the number of long-term holders has remarkably increased, which confirms Bitcoin’s optimistic price trajectory in the long term. This along with declining supply inflating the pressure on spots exchanges is expected to heighten Bitcoin’s price .
