Bitcoin Recaptures Important Levels: New ATH May Be Closer Than Expected

Bitcoin is trading above $90,000 and showing signs of renewed strength, even as global tensions and macroeconomic instability continue to weigh on investor sentiment. After weeks of volatility and bearish pressure, this leading cryptocurrency appears to be stabilizing, and some analysts believe this could mark the beginning of a broader bullish phase in the coming months. Top cryptocurrency analyst Jelle has shared insights along with price charts, highlighting an important technical development: Bitcoin has reclaimed the lows in the range and is holding them to this day. This type of price action often signals healthy consolidation and increasing confidence from buyers. Despite concerns about the ongoing trade war and uncertainty about interest rates, Bitcoin's resilience is giving hope to investors. Maintaining the current range could set the stage for a bullish run towards new all-time highs if the upward momentum continues. Although still cautious due to external risks, many view the current setup as a potential turning point for bullish momentum that could shape the next significant advance in the cryptocurrency market. Bitcoin recovers from the lows as sentiment turns bullish Bitcoin is currently trading at a critical level after a strong market impulse changed sentiment almost overnight. For months, BTC has been stuck in a downtrend that began on January 1, frustrating buyers and leading to calls for a deeper correction. But with the recent bull run pushing BTC above $90,000, many analysts believe that this trend may have finally reversed. However, caution still dominates the overall context. Global instability, due to escalating trade tensions between the United States and China and unpredictable macroeconomic signals, continues to weigh on investor confidence. A single negative development—such as the central bank's hawkish policy or geopolitical instability—could cause the market to revert to risk-averse mode. However, optimism is returning, especially among technical analysts. Jelle shared an update highlighting that Bitcoin has reclaimed the lows within the range and is holding them. "That's exactly what you want to see if it's truly bullish," he noted, emphasizing that a subsequent shallow pullback is often a strength that precedes further bullish continuation.

This scenario shows that the easy time to participate has passed. If this bullish momentum continues, Bitcoin may break new all-time highs much sooner than many expect. The breakout has sparked hopes for a major bullish rally, but the next few days will be key to confirming whether this move is sustainable or just another short-term bullish spike. BTC holds above $90K after reclaiming the key moving average Bitcoin is trading at $92,500 after a strong move above the psychological level of $90,000, confirming a bullish momentum in the short term. This breakout also marks a decisive close above the 200 MA and the 4-hour EMA, both of which have acted as strong resistance since January. Reclaiming these technical levels signals a potential shift in trend after several months of selling pressure and sideways action.

With the bulls currently in control, the focus shifts to the $100,000 mark—a zone that not only carries psychological weight but also serves as the next important resistance level in the bullish trend. A breakout above this level could attract new buyers and confirm a broader breakout, paving the way for a potential all-time high. However, caution is still needed. If Bitcoin does not maintain its bullish momentum and falls below 88,500 dollars, it could trigger a consolidation phase or even a larger correction. The 88.5 thousand dollar level, currently the main support level, must hold to maintain the bullish structure. As Bitcoin fluctuates near these key levels, the next move will likely determine the short-term direction for both BTC and the cryptocurrency market in general.