Bitcoin Shoots Above $90,000—Will $92,000 Fall Next?

Bitcoin reached an intraday maximum of $90 532 on Tuesday, a territory it last occupied in March. BTC has been on a tear for the last two days. The rise is 7.6% since Sunday. The rise unfolds amid the dollar plumbing three‑year lows, developments traders widely link to renewed trade‑war brinkmanship in Washington.

The macro background is unusually binary. On one side, Wall Street benchmarks are off roughly 16% from their February highs as investors digest President Donald Trump’s decision to impose—and then partially suspend—“reciprocal” tariffs On allies, while increasing levies against Chinese products to 145 percent.

Two weeks into the 90‑day pause, negotiators from Seoul, Tokyo, Brussels and Beijing still have no agreements in hand, and fresh talks convene in Washington later this week. “The consultation process may not be easy,” South Korea’s acting president Han Duck‑soo conceded ahead of his delegation’s departure.

Why Has Bitcoin Increased?

The capital continues to flow into classic safe havens. Spot gold blasted through $3,400 an ounce on Monday—its fourth record in as many weeks—lifting the metal’s market value above $20 trillion for the first time. The yellow metal has added roughly $6 trillion in market cap year‑to‑date, three times Bitcoin’s value at its own January peak.

Read Related Articles

Bitcoin has seen its latest rally fueled by an explosion of institutional interest. US spot‑Bitcoin ETFs absorbed a net $381 million on Monday, the largest single‑day haul since February and a sharp reversal from the net outflows that dogged the complex in March and early April.

There is a heated debate on X about what exactly is driving Bitcoin’s performance compared with risk assets. Hedge‑fund manager Benn Eifert argues the answer is largely arithmetic: “Bitcoin is NASDAQ denominated in a basket of global currencies, not USD, and USD is collapsing.”

Read Related Articles

Macro commentator TXMC contests Popular narratives suggest that an upward trend in the money supply worldwide is the primary driver. A thread refuting “Global M2” Eifert agreed that overlays were a good idea. “This is quite an accurate way of thinking about BTC’s performance. And it’s the same reason people’s Global M2 models have appeared to be skyrocketing even though the M2 data is 1-2 months old- because they’re overreacting to currency moves and don’t understand their models.”

What is the future of BTC?

Short‑term traders are fixated on a narrow resistance shelf that has capped every rally since late February. Jelle, an analyst at Jelle Securities calls this area the “main event,” adding: “Reclaim $92,000 and #Bitcoin sends higher. A lot higher.”

On‑chain metrics paint a similar picture. Julio Moreno is the head of CryptoQuant’s research department. notes that Bitcoin is pressing into the Traders’ Realised Price band at roughly $91k–$92k. “The trader’s Realized Price acts as support when market conditions are bullish (green area, bull score >= 60), and as resistance when market conditions are bearish (red area, bull score

Momentum gauges began to melt. Cold Blooded Shiller claimed that a “first RSI 50 crossover on BTC “In 3 Months,” “if we’ve got counter-trend juice, this is where it ramps up.”

The structural challenges temper that optimism. Daan Crypto Trades reminds Bitcoin has a lot of followers. “closing in on the big $90k–$91k horizontal area which acted as the previous range low… This is also where the Daily 200MA is located.” The push for a decisive decision “few percent” According to him, the higher chart would be removed “pretty great. Bulls know what to do.”

BTC was trading at $90.394 as of the time this article went to press.

Featured Image created using DALL.E and chart from TradingView.com