Bitcoin trading once again exceeded $90,000, and the Bulls grew momentum despite ongoing global uncertainty, which demonstrated the strength of strengthening. With rising tensions between the United States and China, coupled with concerns about inflation and a slowdown, wider markets remain on the edge. But optimism about Bitcoin continues to grow, with several analysts showing that there will be continued gatherings in the coming months.
One of the main signals that support this view comes from on-chain data shared by the glass section. The analysis platform shows that Bitcoin has now exceeded the price realized by Short-term Holders (STH). The indicator tracks the average price of recent buyers earning their BTC and is often seen as a psychological level that affects short-term emotions.
GlassNode has always emphasized this level, which is a benchmark for measuring market sentiment, and this is considered an important step to confirm buyer confidence. Now, all eyes are focused on whether Bitcoin can hold over $90K and start targeting new highs.
Bitcoin tests key resistance as bulls regain control
After weeks of continuous sales pressure and a sharp drop in high scores, Bitcoin is finally showing signs of recovery. The assets are now testing a critical zone of resistance, and the outcome of this battle could define a short-term trajectory. The Bulls have regained control in recent meetings, and now the market is focused on whether they can defend the $90,000 support level and improve their position.
Despite the continued turbulence of the macroeconomics, the recent force remains. The conflict between the United States and China has not yet been resolved, and the threat of expanding trade conflict remains in global markets. The delay in any resolution could cause new volatility, which could impact Bitcoin’s next major move. Nevertheless, for these headwinds, BTC’s resilience is a promising sign for long-term holders.
In favor of bullish cases, GlassNode recently stressed that since the correction began, Bitcoin has surpassed the price (or cost basis) realized by short-term holders (STH). This level is widely regarded as a key benchmark for investor sentiment and positioning.
Historically, the continuous movement exceeded the price signal achieved by STH, indicating a shift toward reconfidence and is often a springboard for further upside. For now, the Bitcoin Bull is in control – but holding $90k is crucial to avoid another wave of downward pressure.
BTC Price Update: 25% After Rally, Bull Eye $100K
After two days of strong upward momentum, Bitcoin was trading at $93,800, a 25% increase since April 9. The surge has driven BTC through key resistance levels and boosted sentiment in the wider cryptocurrency market. After weeks of consolidation and uncertainty, the Bulls firmly regained control – but the next step is crucial to determine whether the rally continues.
To maintain this momentum, Bitcoin must remain in the $90,000 support zone. Now, the level is a short-term floor and defending it will consolidate the current breakthrough. If the Bulls can maintain stress and recover the psychological $100,000 mark, a full-trend reversal will be confirmed and new capital may be absorbed.
But if BTC can’t hold $90,000, then in the 200-day simple moving average, the health is lower, close to $88,500. This does not necessarily invalidate the bullish trend, but rather can reset the key indicator before the other leg is higher.
Currently, the Bulls are in a strong position – but volatility is still rising, and the coming days will be decisive as the market awaits confirmation of the ongoing recovery phase.
Featured images from DALL-E, charts from TradingView
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