Bitcoin (BTC) Eyes New Highs in 2025 Despite Short-Term Seller Pressure Around $88K-$90K

Bitcoin is currently holding steady above $87,000, with one analyst predicting a high probability of new all-time highs in 2025

Bitcoin (BTC) is currently facing resistance in the $88,000 to $90,000 range, despite a bright long-term technical picture and traditional companies hinting at potential Bitcoin purchases. This suggests a new all-time high in 2025 is possible.

Bitcoin price today: sellers positioned at $88K-$90K as Bitcoin faces resistance

Short-term technical analysis suggests that Bitcoin BTC/USD is encountering substantial seller interest in the $88,000 to $90,000 zone. The "Whale Position Sentiment" indicator of crypto analytics platform Alphractal shows a clear reversal, indicating that large players with a bearish inclination have entered short positions at this price level.

This indicator follows the relationship between trades larger than $1 million across several exchanges and aggregated open interest. In past instances, a decrease in this sentiment has coincided with price declines even with brief price increases.

"The indicator has decreased significantly, and this time it seems to be signaling a change in sentiment, which could lead to further decreases in price as traders close out their long positions and whales enter short positions."

Key onchain levels: short-term whale cost basis at $91K, critical liquidity zone at $84K-$85K

According to onchain research by CryptoQuant, short-term Bitcoin whales are realizing their valuation at around $91,000. Moreover, the most actively used addresses have a cost basis between $84,000 and $85,000.

This makes the region of $84,000 to $85,000 a critical liquidity zone as a drop below this level could spur more selling pressure. The expert highlighted that these onchain cost basis levels sometimes serve as decision zones where market psychology shifts, so traders should closely monitor price reactions in these ranges.

"These onchain cost basis levels are sometimes acting as decision zones where market psychology changes, so traders should watch price reactions in these ranges."

Bitcoin forms ascending channel, needs to breach $90K for continued rally

Bitcoin has reached an intraday high of $88,252 in lower time frame charts but it has failed to find a new intraday high.

Suggesting it would likely face resistance from the top range of this formation as well as the 50-day and 100-day exponential moving averages on the daily chart, the price is now moving within the trendlines of an ascending channel pattern.

For a sustained rally towards the $100,000 target, Bitcoin must decisively close above the $90,000 barrier, overcoming the potential short bets held by whales.

Bitcoin price prediction: analyst sees 75% chance of BTC reaching new ATHs by 2025

Economist Timothy Peterson of the Network has expressed a strong belief in Bitcoin, indicating a high probability of the coin attaining fresh all-time highs in the next nine months.

Analyzing ten years of Bitcoin price data, Peterson highlighted that BTC’s current situation is within the bottom 25% range and is nearly at the lower limit of its historical range.

This, the analyst stated, gives Bitcoin maximum chances for a substantial increase. Peterson also noted that over the short term, Bitcoin has a 50% chance of rising by over 50%. His research aligns with earlier studies showing that April and October typically demonstrate the best monthly performance of Bitcoin.

In his analysis, Peterson further observed that Bitcoin has never experienced a year-over-year price decline of over 70%, and it has only dropped by over 50% in two instances—both of which occurred within a six-month span in the turbulent year of 2015.