Bitcoin Consolidates at $90,000 as Analyst Sees Path to New Highs

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.

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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.

Kosta Gushterov

Kоста работи в крипто индустрията от над 4 години. Той се стреми да представя различни гледни точки по дадена тема и харесва сектора заради неговата прозрачност и динамика. В работата си той се фокусира върху балансираното отразяване на събитията и развитието в крипто пространството, като предоставя информация на своите читатели от неутрална гледна точка.