Bitcoin (BTC) Price Prediction: BTC Clears Key Highs With Momentum, But Resistance Looms

Bitcoin surged above $88500, piercing its previous local highs and signaling a fresh wave of bullish continuation. This breakout triggered nearly $100 million in BTC short liquidations and over $130 million across the broader crypto market.

Bitcoin (BTC) continued its blazing hot rally on Wednesday, rising above $88,500 and setting a new local high. This breakout also triggered nearly $100 million in BTC short liquidations and over $130 million across the broader crypto market.

The move also fully validated the recent bullish structure inside the daily TBO Cloud, putting Bitcoin firmly in consolidation mode with strong upward momentum.

Two upper resistance ray targets are now in sight, the first just above $91,000 and the second just below $93,000. The top of the TBO Cloud aligns just above $93,000.

All of this sets the stage for a final run to $94,000–$95,000 within days. That price target has been in focus for weeks now, and technicals are lining up with the long-discussed Fibonacci retracement cluster between $94,500 and $95,000. These levels represent a confluence of the 0.618 Fib retracement from the current trend and the 1.618 extension from 2024—making them a textbook zone for resistance.

At least one crypto trader, who has closely followed the Fibonacci structures throughout 2024, sees a "bullish count" setting up on the 3W chart, suggesting that a "strong bounce" is unfolding.

If there’s one good habit to learn from crypto, it’s skepticism. When everyone agrees, the market is usually preparing to shift.

Right now, the mood has quickly changed from “extreme fear” to “disbelief” as Bitcoin continues to defy expectations.

As BTC climbs closer to $95,000, expect to see FOMO-infused sentiment return, with traders setting even wilder price targets like $250,000.

But technical and psychological patterns suggest that a pullback is likely from that zone. If Bitcoin begins to stall, evidenced by smaller daily candles and declining momentum, then traders should prepare for a retrace to around $82,000.

The market has followed similar behavior before. In late 2024, Bitcoin chopped sideways for six months, from April to October, before finally breaking out of the range.

The expectation of a repeat isn’t just based on patterns, but also seasonality. The old TradFi adage, “Sell in May and walk away,” has held true for Bitcoin in multiple past years.

In both 2021 and 2023, selling in May and pulling back later in the year spared traders from extended periods of sideways chop. Of course, nothing is guaranteed, but it’s a historically strong reason to approach May with caution.

A TBO Close Long printed on the stablecoin dominance chart, just as it did before a major downtrend in September 2024. This is a key early signal that capital is rotating out of stablecoins and into crypto assets.

While it may take weeks for a full trend shift to play out, this signal is typically a precursor to broader market bullish activity.

Traders should remain “expectant” rather than euphoric, as this rotation will be gradual.

Bitcoin dominance closed above its February high of 64.34% and printed a TBO Breakout, indicating strong market preference for Bitcoin over altcoins.

Weekly RSI also pushed past its October 2024 high and now sits well above 80—an extremely bullish reading across all timeframes.

This dominance shift means that Bitcoin will likely continue leading the market, with ALTs struggling to keep up.

While there will be exceptions—like NEIRO on Ethereum (ETH), which surged 60% unexpectedly—most altcoins remain deeply oversold.

Red closes across both Top 10 Dominance and OTHERS.D confirm this lagging behavior. With capital rotating into Bitcoin and away from other assets, the current structure supports further BTC-led rallies, not broad-based altcoin recoveries.

There’s a reason Bitcoin is the foundation of every market update. While altcoins offer exciting short-term trades, BTC sets the tone for the entire market.

When Bitcoin breaks out, low-cap coins usually explode in tandem. But when Bitcoin stalls or pulls back, low-caps collapse even harder.

That’s why a minimum 30% BTC allocation is not just conservative—it’s strategic. It ensures that even if Bitcoin trends down, a portion of your portfolio remains in the strongest asset.

As the market pushes closer to $95,000, a pullback to $82,000 becomes a more realistic outcome. This wouldn’t be bearish, but part of a healthy market cycle before resuming a longer-term uptrend.

If that pullback does materialize in May, expect a summer of