Bitcoin is trading near $89,000–$90,000, facing strong resistance around $90,000.
Global events and macro uncertainty continue to impact Bitcoin and the wider cryptocurrency market sentiment.
Institutional interest remains strong, but short-term volatility in Bitcoin price is still expected.
Bitcoin is trading between $89,000 and $90,000, showing mixed movement in the crypto market. The largest cryptocurrency by market value is struggling to move above $90,000. Bitcoin price is near $89,585 at press time, down by 0.45% compared to the previous session. The intraday high is close to $90,141, while the day's low touched nearly $88,523.
This price action shows that BTC is still trading within a tight range, with buyers and sellers both trying to take control. Even with short-term weakness, trading activity remains high, which shows that interest from investors is still strong across the world.
On major crypto exchanges, Bitcoin price is seen between $89,400 and $89,900, depending on the platform and timing. A small price difference is common as liquidity and trading volume differ.
The total trading volume over the last 24 hours is above $30 billion, which indicates strong participation in the market. High volume usually suggests that traders are still active even when the market direction is not clear. Liquidity remains stable, helping to control very sharp price movements.
Bitcoin has experienced temporary dips in its value during recent periods. The price has decreased by almost 8% during the past week, while the monthly performance has remained mostly unchanged. The market currently exhibits a period of consolidation.
The $90,000 level has become a major psychological resistance. Bitcoin made multiple attempts to break through this resistance level, but it could not sustain a position above it. The financial market experiences a sudden increase in selling activity whenever BTC price approaches this specific region. This situation leads traders to closely monitor this price point.
Bitcoin saw a strong rally as the price approached $94,000. The market experienced this rally as investors were happy with market conditions, leading to continued investment in cryptocurrency products. The upward movement stalled due to strong resistance between $93,500 and $95,000. The price started to decline again after sellers entered the market at those particular price points.
Global events have also impacted Bitcoin price. Investors became more cautious amid rising geopolitical tensions and trade-related concerns.
After tariff-related comments from the US administration, Bitcoin price slipped below $92,000, and other major cryptocurrencies also moved lower.
Investors shifted money into safer assets like gold and silver. The overall crypto market lost more than $150 billion in value in a short period.
Despite price correction, large institutions continue to show interest in BTC. Some companies following a long-term accumulation strategy bought billions of dollars' worth of Bitcoin within just one week. These purchases added tens of thousands of BTC to institutional holdings, showing confidence in long-term potential.
New Bitcoin whales are adding selling pressure to the market, especially when the price fails to move higher. Their actions can create sudden price movements and increase volatility.
Also Read: Bitcoin Whales Buy the Dip as Retail Sells During $89K Pullback: Is the Market Rebounding Soon?
Some analysts believe prices could fall to around $60,000. Other experts expect Bitcoin to reach as high as $250,000 in the coming years. The forecasts depend on adoption rates, regulatory frameworks, macroeconomic conditions, and investor demand.
Many analysts who focus on long-term trends continue to support their positive outlook after the recent market downturn.
Market conditions today show mixed indicators that affect Bitcoin price. BTC trades between $89,000 and $90,000 as it faces strong resistance and maintains solid support. Active trading shows that people remain interested in the market, but global economic dangers and selling pressure stop any price increases.
Bitcoin price behavior depends on macroeconomic events, institutional trading patterns, and overall market mood. Investors who trust the future value of their assets will experience ongoing price fluctuations throughout the upcoming months.
1. What is Bitcoin price today?
Bitcoin price today is trading close to the $89,000–$90,000 range, with intraday fluctuations.
2. Why is Bitcoin facing resistance near $90,000?
Strong selling pressure and profit booking by traders are preventing Bitcoin from sustaining above this level.
3. How do global events affect Bitcoin price?
Geopolitical tensions and economic uncertainty make investors cautious, impacting Bitcoin and other cryptocurrencies.
4. Is institutional interest in Bitcoin still strong?
Yes, many institutions continue to accumulate Bitcoin despite short-term price corrections.
5. Is Bitcoin a volatile asset?
Yes, Bitcoin remains highly volatile, with sharp price swings possible in short periods of time.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.