Bitcoin is on fire—and the charts are starting to heat up even more. After a clean breakout above the psychological $90,000 mark, the world’s top cryptocurrency is signaling at something bigger. Traders are watching closely as BTC flirts with a critical trendline that could reveal the next explosive move toward $95K… and maybe even that long-awaited $100K milestone.
Let’s break it down.
BTCUSD Technical Outlook
It’s not just hype. The technical outlook of Bitcoin is looking increasingly bullish.
After breaking above $90,000 yesterday, BTC saw a sharp 2% gain within just four hours—a clear sign of buyer strength. But here’s the kicker: that surge has brought prices right up against an ascending trendline, which has now flipped into a key resistance zone. So far, BTC hasn’t been able to close a candle above it on the 4-hour chart, making it the level to watch.
If bulls manage to push a clean close above this trendline, it could spark a new bitcoin rally with $95,000 as the next major resistance. That level, last seen on March 2, holds psychological weight and could quickly bring $100,000 into play if broken. Beyond that? The all-time high of $109,000, last visited on February 3, becomes the next potential magnet.
Indicators are backing up the bitcoin rally:
A golden cross (50-period moving average crossing above the 200) formed on April 17—a classic sign of trend strength.
The MACD histogram is bright green and climbing above the zero line, reflecting increasing bullish momentum.
Immediate support is now at $90K, followed by $88K and $86K—with the latter consistent with the 50-period SMA, a dynamic zone mostly seen as cushion during pullbacks.
In short: the trend is your friend—unless BTC fails to break above that rising trendline. But if it does, strap in. The next leg up could be powerful and quick.
Let Us See Why the Bulls Have Backup
While the charts are doing most of the talking, the fundamentals aren’t staying silent.
The recent Bitcoin rally is being supported by a more favorable global backdrop. The Trump administration has dialed down its trade war tone, which signaled tariff relief on China, and that’s triggered a risk-on rally across major asset classes. Equity and Stocks are rising, and Bitcoin is moving in the same direction.
Meanwhile, regulatory winds may be shifting in crypto’s favor. The newly sworn-in SEC Commissioner Paul Atkins is a known crypto supporter, promising a more rational and constructive regulatory approach.
And then there’s the massive short squeeze. According to Coinglass data, in just 24 hours, $624 million in liquidations hit the market—$524 million of those were shorts. That’s a lot of bearish traders forced to buy back, helping push prices even higher.
Image Source: Coinglass.com
Lastly, the institutional crowd is back. Bitcoin ETFs brought in $936.43 million in inflows in a single day, the largest since Trump took office. That’s serious capital returning—and it shows confidence at the top.
What’s Next to Bitcoin Rally - All Eyes on the Trendline
The bullish bitcoin rally remains intact, but the next move depends entirely on what happens at that ascending trendline. A break above it could unlock the door to a sustained rally toward $95K, $100K, and beyond. But if BTC gets rejected again, we may see a short-term pullback to retest support zones before any further climb.
Either way, momentum is building, and BTC is clearly in the driver’s seat right now.
Keep those charts open—this ride isn’t over.
