- Over 51% of BTC holders are currently out of the money.
- Bull Score Index signals strong bullish sentiment above the 80 level.
Bitcoin continues to show bullish momentum, trading above the $90,000 mark. The cryptocurrency posted a 4.88% daily gain, with increasing trading volume supporting its surge. Current market conditions indicate strong resistance zones ahead, particularly around the $91K to $92K level.
Source: Coinmarketcap
According to the latest market data, Bitcoin is trading at $91,459.67, with a 12.47% rise in trading volume. Its current market cap is $1.81 trillion.
Analyst Ali Martinez confirmed that BTC crossed $90,000, with on-chain data from intotheblock showing heavy buy pressure below $85 K. The data highlights that 48% of BTC addresses holding 2.46 million BTC are “in the money,” having purchased within the $57,492 to $72,500 range.
Bitcoin Money in/Out
Meanwhile, 51.89% of addresses remain “out of the money,” having bought BTC at prices above $90,000. The market watches the $95,600 to $98,290 band as a key resistance zone. These levels host a dense concentration of buy orders and could serve as the next major test for bulls.
$91K–$92K Emerges as Crucial Resistance
CryptoQuant data shows that Bitcoin’s current resistance zone lies between $91,000 and $92,000. This range aligns with the Trader’s On-chain Realized Price, a metric that calculates the average cost basis of active traders. Historically, this level has been a critical turning point in past bull runs.
Bitcoin: Bull Score Index Source: CryptoQuant
The Bull Score Index currently sits above 80, indicating strong bullish sentiment. This metric, which tracks bullish market momentum, parallels price surges in 2021 and 2023. Analysts suggest that breaching this zone could lead to further upside.
Weekend Consolidation Signals Low Volatility
Daan Crypto Trades noted that Bitcoin’s market activity slowed over Easter. Price action has been compressing within the $83,000 to $86,000 zone. Recent CME close and open levels between $85,140 and $85,200 act as short-term boundaries for BTC.
Source: TradingView
Low liquidity and minimal movement continue to dominate the current market phase. Analysts expect a breakout only if a major news headline or market catalyst emerges. The price may remain within this tight range, with short-term traders adjusting positions based on CME gaps and chart signals.
Bitcoin’s next move will likely depend on its ability to breach the $92,000 resistance. If successful, it could pave the way for retesting higher levels near $95,600. Conversely, failure to maintain momentum may result in extended consolidation or a pullback toward the $84,000 zone.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
