$BTC is trading around $90,000, consolidating between $85,000 and $95,000. The cryptocurrency has seen some volatility, with its price rising by 0.71% over the last week, decreasing by 1.57% in the past month, and showing a 4.32% decrease over the last year.
Current Market Snapshot:
Price: Approximately $90,000 to $91,000.
Market Capitalization: Around $1.80 trillion USD.
24-hour Trading Volume: Roughly $20-$24 billion USD.
Circulating Supply: Approximately 19.97 million BTC out of a maximum of 21 million BTC.
All-time High: $126,272 USD, reached on October 6, 2025. Bitcoin is currently trading about 28% below its all-time high.
Key Factors Influencing Bitcoin's Price:
Consolidation and Resistance: BTC is currently consolidating around the $90,000 mark. It faces resistance near $93,000-$95,000, with selling pressure noted at $93,000. A break above $95,000 could signal a bullish breakout, while a drop below $90,000 might lead to further correction.
Institutional Interest and ETF Inflows: Institutional interest remains a significant driver. Early this week, Bitcoin saw $1.2 billion in spot ETF inflows, although demand later fell, leading to negative flows. However, overall, institutional interest in U.S. spot Bitcoin ETFs has surged, with significant inflows indicating growing mainstream adoption. Morgan Stanley has also filed for an Ether trust after a push for Bitcoin and Solana ETFs. BlackRock's significant Bitcoin withdrawals from exchanges also suggest burgeoning institutional trust.
Geopolitical and Macroeconomic Factors: Global financial market pressures, geopolitical tensions, and macroeconomic volatility continue to push BTC into the spotlight. Some analysts suggest Bitcoin acts as a safe haven asset amidst geopolitical instability.
Whale Activity: Recent analysis indicates a drop in whale long positions, which could suggest a "spring" bottom in the Wyckoff method, potentially signaling major price reversals. Conversely, Bitfinex whale Bitcoin long positions significantly exceed short positions, mirroring a past market low.
Halving Event: The April 2024 halving has already occurred, reducing the new BTC supply. Historically, halvings have preceded significant bull markets, and while the recent halving followed a similar pattern of a post-cycle blow-off and correction, institutional demand is also influencing the market.
Technical Analysis: Bitcoin is in a short-term rising trend channel, indicating increasing optimism among investors. It is moving within a rectangle formation with support at approximately $87,570-$88,000 and resistance at $93,400-$93,843. A decisive break from this range could indicate the next direction. Some analysts see Bitcoin forming an ascending triangle pattern, which could lead to a breakout towards $112,000.
Volatility: Bitcoin remains a volatile asset. Its volatility has reached historic lows, with its price coiling inside a tightening range, according to Bloomberg Intelligence analysis.
Outlook: While there are ongoing market struggles and concerns about slowing demand, some analysts are bullish on Bitcoin for 2026, anticipating a potential push toward $150,000, driven by institutional demand, supportive macro conditions, and bullish technical signals. However, risks include a slowdown in spot ETF inflows, tighter monetary policy, or failure to clear key resistance level#btc