Bitcoin Reclaims $90K as Market Weighs Next Move

Bitcoin kicked off the week with a strong push above the $90,000 mark, showing that buyers are trying to regain control after weeks of pressure. Even so, the market remains split on what comes next. Some analysts believe this move could be the early stages of another run toward fresh all-time highs, while others warn that the downside risk is not gone. Santiment founder Maksim Balashevich cautioned that optimism is still high across social media, which historically does not align with durable bottoms. He suggested that Bitcoin could still dip toward the $74,000 zone, a level he believes would offer a much healthier risk-reward setup for traders. Despite the mixed short-term outlook, long-term confidence remains firm. BlackRock’s spot Bitcoin ETF, IBIT, has already attracted around $25 billion in inflows year to date. Bloomberg ETF analyst Eric Balchunas noted that IBIT has managed to pull in massive capital even during a year of negative returns, highlighting just how strong institutional demand could become when conditions improve.

In Japan, Metaplanet has taken another major step in cementing its Bitcoin-first strategy. The company approved changes to its capital structure that allow it to raise funds through dividend-paying preferred shares, targeting both domestic and overseas institutional investors. These changes expand its ability to issue new preferred shares, adjust dividend mechanics and potentially conduct buybacks. With roughly 30,823 BTC on its balance sheet, worth about $2.75 billion, Metaplanet now stands as Asia’s largest corporate Bitcoin holder and the fourth-largest globally.

On the DeFi side, Uniswap is preparing for one of the most important upgrades in its history. The long-awaited protocol fee switch proposal has comfortably crossed the voting threshold and is expected to go live later this week. Once activated, Uniswap v2 and v3 will begin generating protocol fees on Unichain, while 100 million UNI tokens will be burned from the foundation’s treasury. These changes are designed to tighten supply, boost liquidity provider returns and improve the long-term value proposition of the UNI token.

Meanwhile, debate around Bitcoin’s long-term security has resurfaced. Bitcoin Core developer Jameson Lopp stated that a full transition to post-quantum security could easily take a decade, pushing back against concerns that quantum computing poses an immediate threat. While some believe quantum risks are still far off, others argue that early planning is critical to protect the network’s future.

Traditional finance also continues to edge closer to crypto. JPMorgan is reportedly exploring cryptocurrency trading services for its institutional clients, including spot and derivatives products. The move signals a notable shift for the banking giant as the regulatory environment in the US becomes more crypto-friendly under the current administration.

Market  Outlook

The broader crypto market is attempting to stabilize, but conviction remains mixed. Bitcoin reclaiming and holding above $90,000 is constructive, though deeper pullbacks cannot be ruled out if sentiment weakens again. Institutional flows and corporate adoption continue to provide a strong long-term backdrop, but near-term price action is likely to stay volatile as traders balance macro uncertainty with growing structural demand across the sector.

Bitcoin bounced strongly from the $84,000 area, showing that buyers are stepping in on dips, but the recovery is running into resistance near the 20-day EMA around $89,322. The encouraging sign for the bulls is that selling pressure has not forced price back down yet, and buyers are still pressing higher. A daily close above the 20-day EMA would improve the short-term structure and could allow Bitcoin to push toward the 50-day SMA near $92,754, followed by a test of the key resistance at $94,589. That level is likely to attract heavy selling, as a clean break above it would signal that the correction may be ending. If BTC manages to close above $94,589, momentum could accelerate toward the psychological $100,000 level and later to $107,500. On the downside, the bullish setup weakens quickly if price closes back below $84,000, which would hand control back to the bears.

Ether is currently coiling inside a symmetrical triangle, reflecting hesitation from both buyers and sellers. This kind of structure usually precedes a sharp move. If buyers manage to push ETH above the moving averages, the pair could move up to test the triangle’s resistance line. Sellers will try to cap the move there, but a clear breakout would signal strength and open the door for a rally toward $4,000 and then the pattern target near $4,386. If the price is rejected from the moving averages and breaks below the triangle’s support line, sentiment would flip bearish and could drag Ether down toward the $2,111 level.

BNB has rebounded from its rising trendline but is now stalling near the 20-day EMA around $872, where sellers are expected to defend aggressively. A sharp rejection here, followed by a break below the uptrend line, would raise the risk of a drop below $790 and potentially toward $730. However, if BNB keeps pushing higher and breaks above $928, it would signal that the corrective phase is likely over. In that scenario, the pair could climb toward $1,019 and later $1,100.

BTC is trying to flip the 20-day EMA into support, with $94,600 as the key level to confirm a bullish shift. ETH is tightening inside a triangle, and traders should be ready for a breakout in either direction, with $4,000 on the upside and $2,111 on the downside. BNB remains at a decision point near its short-term average, with $928 as the level to watch for trend continuation and $790 as critical downside support.

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