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The Bitcoin price has shown good signs of recovery in recent days, briefly returned above the level of $ 85,000 to start the weekend. Although the price of BTC is often set at the end of the week in 2025, Prime Minister Cryptocurrency hopes to have a different trip in the coming days.
Is $ 90,000 the next stop for Bitcoin price?
Fortunately, the future seems bright for the world’s largest cryptocurrency after crypto analyst Ali Martinez went to the X platform to part An exciting bullish prognosis for the Bitcoin price. According to the trader, the BTC price could be on his way to the psychological level of $ 90,000.
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The reasoning behind this positive prediction is the appearance of an increasing triangular pattern on the 1-hour time frame of the Bitcoin graph. The rising triangle is a pattern in technical price analysis with a reverse rectangular triangle with a horizontal upper limit (connecting a series of lower highlights) and a diagonal rising lower trend line (connects the rocking depth).
A rising triangle is usually considered a bullish graph pattern, which indicates the continuation of the original upward trend. However, a rising triangular formation can also serve as a trend row pattern and a bearish signal – when the price of the actual trend line breaks off and in the opposite direction of the initial upward trend.
As observed in the marked graph, the Bitcoin price seems to break from the triangle pattern via the horizontal top trend line around $ 84,000.
In his position, Martinez noted that a convincing and sustained dense above this level could make the most important cryptocurrency a play for the psychological level of $ 90,000. The price target for an increasing triangular pattern is determined by adding the vertical distance between the horizontal and rising trend lines to the Breakout point.
A Bitcoin price jumps to $ 90,000 would represent a step of almost 7% from the current price. At the moment, the Cryptocurrency flagship is appreciated at around $ 84,400, which reflects a price destination of almost 5% in the last 24 hours.
Can the rising whale activity push BTC price?
If the Bitcoin price starts to recover the level of $ 90,000, this needs all the purchasing pressure that it can get from investors. Interesting is that the largest class BTC investors (whales) already seem to be in the party and have continuously loading their bags in recent days.
In a separate message on X, Martinez made public Those whales that have between 1,000 and 10,000 coins have added to their participations in recent days. Data from santiment show that this class whales have acquired 20,000 BTC over the past 24 hours.
This high purchase activity of Bitcoin -Walvissen can offer the price of BTC the necessary bullish impulse to go to $ 90,000.
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Featured image of Istock, graph of TradingView
