Bitcoin Price Soars 3.76% In a Week – Bulls Target $90K Resistance

Highlights:

• Bitcoin price consolidates around the $84K mark, as bulls gear up for a rally to $ 90K.
• Santiment research suggests that traders on X and other platforms are getting more optimistic. 
• Crypto Fear & Greed Index currently shows a ‘Fear’ score of 30/100, which suggests indecision in the market.

The Bitcoin price is range-bound, oscillating within $83,117 and $84,385. Bitcoin’s social sentiment is heating up once more. The Bitcoin price is roughly hovering around $85,000, and Santiment research suggests that traders on X and other platforms are getting more optimistic. BTC has spiked 3.76% in the past week, signalling growing investor confidence.

The sentiment tracker on the site is bullish, and most traders expect Bitcoin to retest $90,000 in the coming days. According to the Crypto influencers, price movement is still unpredictable, and thus, they predict a strong rebound based on macroeconomic fundamentals and pumped-up market liquidity.

A quick look at the Bitcoin 4-hour chart shows that the bulls have regained their dominance and are targeting the $90K resistance level. The Bitcoin price has been pushed into a consolidation channel, which may act as an accumulation period before a significant rally. If the support levels hold at this level, the BTC price could soar toward $85,044, 85,622, and $87,260.

On the downside, early profiteering may commence, causing a plunge in the BTC market. In such a case, the $83,984 support area will be in line to absorb the potential selling pressure. Intense selling appetite may call for a deeper correction to $ 83,596 and $ 83,162. A break below the levels will invalidate the bullish thesis, dipping the market into bearish territory. 

Is Bitcoin Price Set for a Rally to $90K?

Meanwhile, Bitcoin’s recovery is currently picking up pace on social platforms. Crypto activists like Samson Mow, Ted, and Titan of Crypto are bullish on Bitcoin’s upside movement. They have made incredibly bullish declarations. 

On the other hand, Titan of Crypto supported the case for a continued Bitcoin uptrend by citing Dow Theory as the pattern of higher highs and higher lows. The overall market indicators from the Crypto Fear & Greed Index currently show a ‘Fear’ score of 30/100, which suggests the indecision in the market isn’t completely clear yet.

#Bitcoin Still in an Uptrend 🚀

According to Dow Theory, #BTC remains in an uptrend, consistently printing higher highs and higher lows.

The structure is intact. 📈 pic.twitter.com/yBcHTPIKP9

— Titan of Crypto (@Washigorira) April 16, 2025

CoinGlass also highlights another important data point: $254 million in short positions would be liquidated if BTC breaks back over $85,000. This setup may serve as a price accelerator that can cause a short squeeze.

While it hasn’t enjoyed the best first quarter in years, BTC’s 11.82% drop in Q1 2025 is more than many traders are willing to give up looking, and believe that current price levels are weak enough to be a base for a breakout. Additionally, Ether (ETH) saw a 45.41% fall throughout Q1, fueling concerns that the whole market might be cooling down. However, optimism is finding its way back in.

With Bitcoin’s online buzz heating up with its support and several bullish calls, will the price action follow suit? Traders are confident, but mixed signals from fear indexes and stalled price actions may cause caution. While the shorts are still extremely risky with $254 million at stake, Bitcoin social sentiment is growing, and powerful names are taking sides in the bullish thesis. If only macro conditions cooperated, BTC would have enough firepower to test the new highs.