Bitcoin has blasted past $87,000, and crypto watchers are asking one question: Is it about to hit $90K next?
The world’s largest cryptocurrency is riding a wave of bullish momentum after breaking above the $86K threshold earlier this week. Currently trading just under $87,500, Bitcoin is inching closer to an all-time high zone, with traders split between locking in profits and holding out for an even bigger breakout.
“We’re seeing a textbook setup for continuation,” said one crypto strategist. “If Bitcoin closes decisively above $87,500, $90K is not just likely, it’s imminent.”
Some traders have already started taking profits around the $87K mark, wary of resistance at the upper end of this trading range. However, technical analysts argue that the chart is showing strength, with higher lows forming on the daily and weekly candles. A strong close could invalidate the recent downtrend and trigger new institutional inflows.
Meanwhile, broader sentiment in the market is improving. Positive rhetoric from the U.S. president last week, praising digital assets for their “economic flexibility”, has helped remove some political uncertainty that previously dampened momentum. That, paired with increased ETF activity and a weakening dollar, has provided a near-perfect storm for upward pressure on Bitcoin’s price.
Still, not everyone is convinced. “A lot of this feels speculative,” warned one economist. “Yes, the momentum is there, but we’ve seen these parabolic runs before, and they don’t always end well.”
For now, the eyes of the market are locked on the $87.5K close. If Bitcoin can hit and hold above that key level, the road to $90K could be cleared in a matter of days. If not, expect some serious volatility as bulls and bears wrestle for control of the next move.
Bitcoin traders are advised to watch the charts closely, and hold on tight.
- Will Bitcoin Hit $90,000 or Crash Back Down? Here’s What to Watch - April 3, 2025
- Ford Kuga Recall: Thousands Stuck With Fire-Risk Cars and No Answers - April 3, 2025
- Trump and DOGE Plan to Shrink IRS, But It Could Cost $159 Billion - April 3, 2025
