Bitcoin News

Story: Bitcoin Eyes $90K as Analysts Debate: Is This a Correction or a Bull Trap

By MikeT

1 / 10

Bitcoin is once again at the center of attention as it inches closer to the $90,000 price mark.

2 / 10

The renewed market interest follows a strong performance over the Easter holiday. Bitcoin reached $84,600 on Easter Sunday 2025, its highest ever on that date and a far cry from…

3 / 10

Analysts are closely watching two levels: support at $83,000 and resistance between $91,000 and $92,000.

4 / 10

Bitcoin’s current behavior has yet to clearly confirm whether it’s in a sustained bull phase or just undergoing a temporary correction.

5 / 10

However, not all analysts share this optimistic view. Market commentator Mark Cullen has expressed concerns about the strength of the $83,000 support level.

6 / 10

Beyond short-term concerns, the broader market outlook remains bullish. This is particularly evident in the derivatives market, where open interest and trading volume are rising.

7 / 10

Notably, long-term projections remain highly optimistic. Arthur Hayes, co-founder of BitMEX, recently tweeted that current prices under $100,000 may be the last chance for…

8 / 10

Historically, Bitcoin has shown a pattern of strong rebounds following market corrections. In 2023, for instance, BTC fell to $27,900 during a dip but eventually surged to over…

9 / 10

Investor sentiment, as measured by the Fear and Greed Index, also plays a role in shaping market movement.

10 / 10

Whether this is a continuation of the bull run or a short-lived rally, one thing is clear: all eyes are on Bitcoin.

The Currency Analytics

Want the full story?