Bitcoin Price Analysis: BTC Surges Past $90,000 As Rally Gathers Momentum

Bitcoin (BTC) has rallied during the ongoing session, up over 2%, as it looks to reclaim $90,000. Bullish sentiment around the flagship cryptocurrency has registered a notable increase this week after breaking past $87,000 on Monday. BTC is up almost 3% in the past 24 hours, trading just under $90,000 at $89,766. Bitcoin ETF Inflows Gather Pace Spot Bitcoin ETFs registered $381 million in inflows, the largest since the end of January when the ETFs registered a net inflow of $588 million when the flagship cryptocurrency reached $100,000. The jump in inflows is a positive development for the crypto market, which has flipped to bullish after the Easter weekend. BTC registered $381 million in net inflows recorded on Easter Monday, allowing BTC to outperform equities, especially as the US Dollar and traditional markets registered a substantial decline. According to data from CoinGlass, ARK 21Shares’s ARKB registered the largest inflow of $116.1 million, followed by Fidelity’s Bitcoin ETF, which received $87 million in inflows. Meanwhile, BlackRock’s IBIT received inflows of $41.6 million. The recent inflows have stumped analysts considering the prevailing economic uncertainties and the escalating trade war between the US and China. Crypto Market Buoyant The markets have turned bullish after the Easter weekend. BTC maintained its position above $80,000 before breaking past $87,000 on Monday as market sentiment turned positive. Overall, the crypto market reported an increase of $800 billion as the total market cap peaked at $2.84 trillion. However, the equities market registered a drop as trading began following the Easter weekend. The S&P 500 dropped over 2.4%, while the Nasdaq declined 2.5%. The Dow Jones also fell 2.5%, losing nearly 1,000 points. The S&P 500 has dropped over 12% since the beginning of the year, with the Nasdaq down 18%. Strategy Acquires Additional 6,556 BTC Strategy (formerly MicroStrategy) has added to its Bitcoin stash, with the company acquiring an additional 6,556 BTC to bring its total holdings to an impressive 538,200 BTC. The company acquired its latest Bitcoin stash for $556 million at an average price of $84,785 per Bitcoin. Strategy’s latest purchase comes amid growing market volatility and BTC’s push to $90,000. The flagship cryptocurrency has surged 987% since Strategy’s Michael Saylor championed it as a reserve asset. This reflects BTC’s growing reputation in the corporate world and highlights Saylor’s foresight in recognizing its potential as a store of value. Strategy has acquired 91,800 BTC in 2025 Saylor confirmed Strategy’s latest purchase in a post on X, stating that it was part of a broader strategy to capitalize on Bitcoin's growth. “$MSTR has acquired 6,556 BTC for ~$555.8 million at ~$84,785 per bitcoin and has achieved BTC Yield of 12.1% YTD 2025. As of 4/20/2025, @Strategy holds 538,200 $BTC acquired for ~$36.47 billion at ~$67,766 per bitcoin.” Bitcoin (BTC) Price Analysis Bitcoin has surged past $90,000 during the ongoing session, showing resilience at higher levels as it eyes a move to $93,000. The flagship cryptocurrency surged as the Dollar and traditional stocks tumbled. BTC was also boosted by Strategy’s latest purchase of 6,556 BTC worth $555 million. According to Edu Patel, co-founder and CEO of Mudrex, Bitcoin’s latest price jump is driven by rising global liquidity and an expanding M2 money supply. “Renewed institutional interest has boosted market sentiment, with BTC spot ETFs seeing over $300 million in inflows and MicroStrategy adding 6,556 BTC to its holdings.” Analysts believe Bitcoin has broken out of its downtrend after a substantial reversal from recent lows. If buyers can sustain momentum, BTC could move towards $93,000. A break above this level could see BTC move past $95,000. “If bulls can sustain these levels, a move toward the $93,000 resistance is possible, with support at $85,000.” BTC’s current rally is moving in tandem with Gold and diverging from the current downtrend in tech stocks, reviving discussions about its potential decoupling from traditional risk assets. Bitcoin and Gold have shown resilience since the beginning of the week. The flagship cryptocurrency surged past $87,000 on Monday, while Gold traded around $3,400. Gold futures broke through $3,500 for the first time on April 22, while spot Gold reached $3,498. BTC also crossed $88,000 before building momentum and surging past $90,000 during the ongoing session. BTC registered a sharp increase on Friday (April 11), crossing the 20-day SMA and settling at $83,370. Buyers retained control on Saturday as the price registered a rise of 2.41% to cross the 50-day SMA and settle at $85,378. However, price action turned bearish on Sunday as BTC fell almost 2%, slipping below the 50-day SMA and settling at $83,776. Buyers returned to the market on Monday as BTC rose 1.01% to $84,619. The price reached an intraday high of $86,533 on Tuesday but lost momentum after reaching this level, dropping 1.08% to $83,703. BTC recovered on Wednesday, registering a marginal increase before rising 1.10% on Thursday to cross the 50-day SMA and settle at $84,956. Source: TradingView The price registered a marginal decline on Friday before recovering on Saturday to register an increase of 0.61% and settle at $85,033. Buyers retained control on Sunday as BTC registered a marginal increase and moved to $85,240. Bullish sentiment intensified on Monday as BTC surged to an intraday high of $88,473 before settling at $87,497, ultimately registering an increase of almost 3%. BTC is up nearly 5% during the ongoing session, surging past the 200-day SMA and $90,000 to trade around $91,447. Buyers will look to maintain control and push BTC towards $93,000. The MACD is showing a substantial uptick in bullish sentiment, indicating buyers are in control. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.