Thursday, 15 May 2025
  • My Feed
  • My Interests
  • My Saves
  • History
  • Blog
Subscribe
Capernaum
  • Finance
    • Cryptocurrency
    • Stock Market
    • Real Estate
  • Lifestyle
    • Travel
    • Fashion
    • Cook
  • Technology
    • AI
    • Data Science
    • Machine Learning
  • Health
    HealthShow More
    Foods That Disrupt Our Microbiome
    Foods That Disrupt Our Microbiome

    Eating a diet filled with animal products can disrupt our microbiome faster…

    By capernaum
    Skincare as You Age Infographic
    Skincare as You Age Infographic

    When I dove into the scientific research for my book How Not…

    By capernaum
    Treating Fatty Liver Disease with Diet 
    Treating Fatty Liver Disease with Diet 

    What are the three sources of liver fat in fatty liver disease,…

    By capernaum
    Bird Flu: Emergence, Dangers, and Preventive Measures

    In the United States in January 2025 alone, approximately 20 million commercially-raised…

    By capernaum
    Inhospitable Hospital Food 
    Inhospitable Hospital Food 

    What do hospitals have to say for themselves about serving meals that…

    By capernaum
  • Sport
  • 🔥
  • Cryptocurrency
  • Data Science
  • Travel
  • Real Estate
  • AI
  • Technology
  • Machine Learning
  • Stock Market
  • Finance
  • Fashion
Font ResizerAa
CapernaumCapernaum
  • My Saves
  • My Interests
  • My Feed
  • History
  • Travel
  • Health
  • Technology
Search
  • Pages
    • Home
    • Blog Index
    • Contact Us
    • Search Page
    • 404 Page
  • Personalized
    • My Feed
    • My Saves
    • My Interests
    • History
  • Categories
    • Technology
    • Travel
    • Health
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » Bitcoin Price Eyes Rally To $90k As BTC’s Demand Bounces From Negative Zone
Cryptocurrency

Bitcoin Price Eyes Rally To $90k As BTC’s Demand Bounces From Negative Zone

capernaum
Last updated: 2025-04-15 04:21
capernaum
Share
Bitcoin Price Eyes Rally To $90k As BTC’s Demand Bounces From Negative Zone
SHARE

Bitcoin Price Eyes Rally To $90k As BTC’s Demand Bounces From Negative Zone

Contents
Bitcoin Price Apparent Demand Shows Signs of RecoveryBTC Hashrate and Network ConfidenceSupport Levels Amid MicroStrategy’s Bitcoin AccumulationResistance Levels to Watch As Bitcoin Price Moves Higher

Bitcoin price is eyeing a potential rally toward $90,000, following a bounce in its apparent demand from a previously negative zone. This uptick in demand has prompted some to speculate on the start of a new bullish phase. However, experts urge caution, as the market is still far from confirming a full trend reversal.

Bitcoin Price Apparent Demand Shows Signs of Recovery

Bitcoin’s apparent demand has shown signs of recovery, bouncing from a negative sentiment that had dominated the market for weeks. The 30-day sum of apparent demand has recently moved into positive territory, hinting at a possible shift in Bitcoin’s market behaviour. However, while the recovery is encouraging, some analysts caution that it may not yet signal the start of a complete market reversal.

BTC/USD price chart (source: Cryptoquant)
BTC/USD price chart (source: Cryptoquant)

Looking at past cycles, similar patterns were followed by extended periods of consolidation, which prevent any quick conclusions about the rally’s sustainability. As observed during the 2021 cycle, an initial demand bounce was often followed by months of sideways movement before a proper recovery is achieved. 

Thus, while the recently notable performance cannot be denied, it still raises the question of whether the uptrend will continue.

BTC Hashrate and Network Confidence

With the increased apparent demand, Bitcoin’s hash rate is also rising. This increase means higher optimism among miners despite BTC/USD’s sideways trend. A higher hash rate points to increased network security and more distributed mining, both of which are positive for Bitcoin in the long run.

“Bitcoin’s hashrate continues to explode to new highs,” noted analyst Miles Deutscher. “This signals increased network security, miner confidence, and potentially more decentralization, all of which are bullish signs for Bitcoin.” 

This trend supports the idea that Bitcoin remains a solid investment despite price fluctuations. With higher hashrates, Bitcoin’s security and decentralization improve, contributing to its long-term potential. Moreover, according to Robert Kiyosaki, investors have turned to Bitcoin as a “Safe haven” since the recent dollar crash.

Support Levels Amid MicroStrategy’s Bitcoin Accumulation

Bitcoin’s price is currently testing critical support levels, with the most essential level identified at $82,024. This level, which corresponds to the point where 96,580 BTC were previously accumulated, is a key area to watch closely.

Crypto analyst Ali Charts stated, “The most critical support for Bitcoin sits at $82,024, where 96,580 BTC were previously accumulated. A level worth watching closely!” A strong defense of this support level would indicate that buyers are in control and that a higher price move could be imminent.

Image

Institutional investors, including MicroStrategy, play a significant role in Bitcoin’s market performance. Recently, MicroStrategy purchased an additional 3,459 BTC to reach a total Bitcoin holdings of 531,644 BTC, which is equivalent to approximately $35.92 billion. 

Similarly, another institutional buyer, Metaplanet, bought 319 BTC for approximately $26.3 million. This indicates new institutional buying, which, if necessary, could support the Bitcoin price in case it falls. Moreover, the president of the ETF store, Nate Geraci, revealed in an X post that 79 companies have declared that they have Bitcoin on their balance sheets, indicating growing interest.

Resistance Levels to Watch As Bitcoin Price Moves Higher

As Bitcoin’s price continues its upward movement, it faces several key resistance levels. The first BTC price resistance level ranged from $74,000 to $78,000, and the current price has tested and broken this level. An upward breakout above this range has led to a surge in Bitcoin’s price to its next target, a pivotal point of control (POC) at $97,000.

Disclaimer:
We have beneficial long- and short positons in various cryptocurrencies. The information provided in this post is for informational purposes only. The content expressed represents our own opinions regarding trades and should not be considered as investment advice. We do not receive compensation for the information shared. Investing in stocks and cryptocurrencies involves a high level of risk, and there is a possibility of losing your entire investment. The mathematical models presented here are based on historical data and may fail to accurately predict future price movements. We reserve the right to sell our positions at any market condition. Before making any investment decisions, it is essential to conduct your own research and consult with a qualified financial advisor.

“While short-term momentum appears bullish, we still face multiple resistance hurdles before confirming the correction is complete,” said analyst Stockmoney Lizards. 

Beyond the $97,000 level, Bitcoin could move towards the $110,000 range, with the analysts predicting this level may be reached by late summer. 

The post Bitcoin Price Eyes Rally To $90k As BTC’s Demand Bounces From Negative Zone appeared first on CoinGape.

Share This Article
Twitter Email Copy Link Print
Previous Article Hogan Lovells boosts DCM team in Singapore with Linklaters hire Hogan Lovells boosts DCM team in Singapore with Linklaters hire
Next Article Cooley boosts India and SEA capital markets practice with partner hire Cooley boosts India and SEA capital markets practice with partner hire
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Using RSS feeds, we aggregate news from trusted sources to ensure real-time updates on the latest events and trends. Stay ahead with timely, curated information designed to keep you informed and engaged.
TwitterFollow
TelegramFollow
LinkedInFollow
- Advertisement -
Ad imageAd image

You Might Also Like

Ripple Meets UAE Leaders to Advance Blockchain Payment Solutions
Cryptocurrency

Ripple Meets UAE Leaders to Advance Blockchain Payment Solutions

By capernaum
IOTA Champions Web3-Friendly AML Regulations in Australia Submission
Cryptocurrency

IOTA Champions Web3-Friendly AML Regulations in Australia Submission

By capernaum
Swiss Bank Sygnum Now Accepts Staked SOL as Collateral for Fiat Loans
Cryptocurrency

Swiss Bank Sygnum Now Accepts Staked SOL as Collateral for Fiat Loans

By capernaum

Pi Coin Crashes 33% as $100M VC Fund Triggers Community Backlash

By capernaum
Capernaum
Facebook Twitter Youtube Rss Medium

Capernaum :  Your instant connection to breaking news & stories . Stay informed with real-time coverage across  AI ,Data Science , Finance, Fashion , Travel, Health. Your trusted source for 24/7 insights and updates.

© Capernaum 2024. All Rights Reserved.

CapernaumCapernaum
Welcome Back!

Sign in to your account

Lost your password?