Bitcoin’s rally to $89,000 has reignited market optimism, but stiff resistance at $90,000 poses a challenge for the cryptocurrency’s upward momentum. Analysts highlight key price levels and market behaviour that will determine the next move.

Bitcoin Rallies to $89K, Faces Resistance

Bitcoin surged past $89,000 on April 22, reaching its highest level since early March. The rise was fuelled by strong spot demand during US trading hours, but progress stalled as sell-side liquidity capped further gains.

Data from Cointelegraph Markets Pro and TradingView shows Bitcoin consolidating below $89,000, sparking debate about whether the critical $90,000 level can be breached.

Horizontal Resistance Looms at $90K–$91K

Prominent trader Daan Crypto Trades highlighted the $90,000–$91,000 zone as a key resistance area. This level previously acted as a range low, making it a significant hurdle.

“The 200-day simple moving average (SMA) is just above this level, further reinforcing its importance,” noted Daan. For Bitcoin to confirm a breakout, it must overcome these strong technical barriers.

“Bulls know what to do,” he added, referring to the importance of pushing through resistance to sustain the bullish trend.

Onchain Metrics Pin Key Resistance at $91K–$92K

Julio Moreno, CryptoQuant’s Head of Research, pinpointed the $91,000–$92,000 range as the ultimate test for Bitcoin bulls. This area coincides with traders’ realised price, which historically acts as resistance during bearish conditions.

“If Bitcoin can surpass this range, it would signal a stronger bullish reversal,” Moreno explained. Until then, Bitcoin’s trajectory remains uncertain, with traders closely watching this zone for a breakout.

Can Bulls Break the Barrier?

While Bitcoin’s recent rally has inspired optimism, analysts warn that overcoming the resistance at $90,000 is crucial for further gains. A breakout above $91,000–$92,000 could pave the way for a sustained bullish trend, while failure to breach these levels may result in a pullback.

For now, the market remains on edge, awaiting the next decisive move in Bitcoin’s price journey.