Bitcoin (BTC) Price Surges Above $90K After Experiencing Extreme Selling Pressure Last Week

Bitcoin is trading above $90K after experiencing extreme selling pressure last week, which drove the price as low as $78,100 and broke through key demand levels

Bitcoin (BTC) is trading above the $90K level after experiencing extreme selling pressure last week, which drove the price as low as $78,100 and broke through key demand levels.

However, the market quickly recovered following President Trump’s announcement that he plans to establish a U.S. strategic crypto reserve, including Bitcoin and select altcoins like XRP, SOL, ADA, and ETH. This statement injected confidence back into the market, fueling Bitcoin’s rebound.

Despite this recovery, the road ahead remains uncertain as Bitcoin faces several key technical levels that could determine its next major move. According to top analyst Axel Adler’s data on X, Bitcoin is currently trading at $92K.

Support levels are resting around the 200-day simple moving average (SMA) at $82,314 and the realized price for short-term holders in the 3-to-6-month range at $79,290. On the resistance side, Bitcoin must break through the realized price for short-term holders in the 1-week-to-1-month range at $97,478 and the 1-month-to-3-month range at $99,395. Additionally, the short-term holder realized price at $91,096K could act as a local support level.

As Bitcoin continues to stabilize above the $90K mark, analysts believe that a breakout above the $100K psychological handle could trigger renewed bullish momentum. Conversely, failing to hold above key support levels could result in another wave of selling pressure. The next few days will be critical in determining Bitcoin’s next major move as it attempts to build momentum following a period of intense volatility.

Bitcoin Faces Crucial Technical Levels As Bulls Attempt To Reclaim $100K

The crypto market is shifting from fear to excitement following President Trump’s announcement of a U.S. crypto strategic reserve. This statement has ignited bullish sentiment across the market, with Bitcoin surging over 12% since the news broke.

Just three days ago, Bitcoin was breaking down below key demand levels, but now, speculation is swirling about the potential for a massive bull run. This shift in sentiment is evident in the technical analysis. According to top analyst Axel Adler’s data on X, Bitcoin is currently trading at $92K.

Support levels are resting around the 200-day simple moving average (SMA) at $82,314 and the realized price for short-term holders in the 3-to-6-month range at $79,290. On the resistance side, Bitcoin must break through the realized price for short-term holders in the 1-week-to-1-month range at $97,478 and the 1-month-to-3-month range at $99,395. Additionally, the short-term holder realized price at $91,096K could act as a local support level.

Chart: Axel Adler via X

This analysis provides valuable insights into the key technical levels that could influence Bitcoin’s price movements in the short term. As the apex cryptocurrency attempts to stabilize above the $90K mark, breaking through the realized prices for short-term holders and reaching the final resistance levels around $97K–$99K would be crucial steps in continuing the bullish recovery.

However, failing to hold above the $90K level again could spell trouble for bulls. A breakdown below this key support could reignite bearish momentum, potentially sending BTC back toward the $85K or even $80K regions. The next few days will be critical as bulls attempt to solidify their position and push BTC toward a stronger recovery phase.

At the same time, the shift in market sentiment is evident in the futures market, which remains stable with no significant leverage buildup. This reduces the chances of sudden liquidations that could impact the price negatively.

Investors are closely monitoring the $97K–$100K range, as breaking above it could trigger an explosive rally. However, the road to this milestone remains fraught with technical challenges that will determine the fate of the bullish recovery in the coming days.