Following a pre-FOMC rally on Wednesday, the Bitcoin price stalled once again at the $90,000 psychological barrier while facing stiff overhead resistance from various technical indicators. According to Aditya Singh, co-founder of Crypto India, bulls must urgently flip the $90,000 to $93,000 range into support to ensure a sustained upward trajectory for the digital asset.
Throughout this period of uncertainty, the currency has remained stuck within a narrow trading range between $86,000 and $90,000 since late January. Nevertheless, several data points suggest that upward momentum may increase significantly once the pair breaks above the 100-week moving average, which currently provides a crucial floor at the $87,500 level.
Despite the apparent weakness perceived by many traders, analyst Jelle points out that the long-term downtrend has officially been broken on weekly timeframes. Consequently, reclaiming the $93,000 mark as a reliable support zone would put bulls firmly back in the driver’s seat, potentially opening the gates for a rally toward the $98,000 resistance zone.
Institutional flow stabilization strengthens the current market structure
A decisive factor for the Bitcoin price remains the notable reduction in the volume of outflows from spot exchange-traded funds (ETFs). According to metrics provided by Glassnode, US spot flows are finally stabilizing toward neutral territory, marking a meaningful cooling in sell-side pressure that had previously dominated the institutional landscape during the last few weeks.
While fresh demand through these investment vehicles has diminished lately, the market is currently leaning on the conviction of spot holders. Therefore, if capital inflows can re-accelerate into consistent positive territory, it would strengthen the case for renewed trend continuation across the broader financial ecosystem as liquidity returns to the markets.
Which catalysts could drive the valuation toward new all-time highs?
Furthermore, the decline in the number of treasury companies buying daily has left Michael Saylor’s strategy as the primary institutional engine. By adding 2,932 BTC for $264.1 million last week, the firm continues its aggressive accumulation of this cryptocurrency, bringing its total holdings to an impressive 712,647 BTC at an average purchase price.
Ultimately, the market awaits a broad resurgence in liquidity so the Bitcoin price can definitively conclude its ongoing corrective phase. If institutional buyers resume their consistent daily activity, the path toward the six-figure milestone would be clear, effectively signaling the end of the current consolidation and the start of a new rally.
