Bitcoin (BTC) is currently consolidating within the $93,500–$95,250 range, according to crypto analyst Michaël van de Poppe, who views the current price movement as part of a broader uptrend.
The cryptocurrency recently broke through $87,000, signaling bullish momentum that may soon test the $92,000–$94,000 zone. This range is considered a temporary top, with consolidation likely before another upward push.
Analysts monitoring the market suggest that if Bitcoin maintains strength at current levels, it may be positioning for a potential breakout to a new all-time high (ATH). Market indicators are generally viewed as favorable, with technical structures supporting continued upward movement following this consolidation period.
Solid upwards trend, break $87K and we’ll test $92-94K for #Bitcoin.
That’s what we’re seeing right now.
This is the area for a short-term top and some consolidation (between $93.5-95.25K).
Great signs on the board, it’s very likely that we’ll start the uptrend to an ATH. pic.twitter.com/ydw3xuQ4eQ
— Michaël van de Poppe (@CryptoMichNL) April 23, 2025
Van de Poppe also noted developing strength in the Ethereum/Bitcoin (ETH/BTC) trading pair. On the daily chart, the pair appears to be forming a bullish divergence — a pattern where the asset’s price records lower lows while momentum indicators, such as the Relative Strength Index (RSI), display higher lows. This typically signals an upcoming reversal in trend.
The ETH/BTC pair is currently holding near 1,820 satoshis, a key support level. Should this level remain intact, technical projections indicate the potential for an upward move toward 2,000 satoshis. This would suggest Ethereum gaining momentum relative to Bitcoin in the short term.
The analysis reflects growing optimism for both BTC and ETH, with market participants closely watching technical setups for confirmation of broader bullish trends.
Despite common fears that global crises spell disaster for crypto markets, new data from Binance Research suggests the opposite may be true — at least for Bitcoin.
A new report by crypto analytics firm Alphractal reveals that Bitcoin miners are facing some of the lowest profitability levels in over a decade — yet have shown little sign of capitulation.
Bitcoin’s network hashrate has fallen 3.5% since mid-June, marking the sharpest decline in computing power since July 2024.
Bitcoin has officially overtaken Alphabet (Google’s parent company) in global asset rankings, becoming the sixth most valuable asset in the world, according to the latest real-time market data.