Bitcoin Shoots Above $90,000—Will $92,000 Fall Next?
Bitcoin reached an intraday peak of $90,532, marking a 7.6% increase since Sunday. This rise coincides with the US dollar hitting three-year lows amid trade tensions linked to tariffs imposed by President Trump. Wall Street benchmarks are down approximately 16% from February highs, with ongoing negotiations among global leaders showing no agreements yet. Capital is shifting towards safe havens, with gold surpassing $3,400 an ounce and gaining $6 trillion in market cap this year. Institutional demand for Bitcoin surged, with US spot-Bitcoin ETFs attracting $381 million on Monday. Analysts debate the factors driving Bitcoin's performance, with some attributing it to the weakening dollar rather than global money supply increases. Short-term traders focus on a resistance level around $92,000, which has historically capped rallies. On-chain metrics indicate Bitcoin is approaching a critical support area. Momentum indicators show signs of improvement, but structural challenges remain as Bitcoin nears the $90k–$91k range, where previous resistance exists. At press time, Bitcoin traded at $90,394.
