Bitcoin Price Climbs to $87K, Testing Key $90K Resistance

- Bitcoin whale adds $200M, increasing holdings to 15,000 BTC worth $1.3B at current prices
- BlackRock increases Bitcoin holdings by 4,054 BTC, bringing total to $50B in assets.
- Bitcoin rebounds from $76,900 lows, holding steady near $87K as resistance nears $90K.
Bitcoin demonstrates robust stability through its premium-price recovery, which may propel it back to the $90,000 zone. The Bitcoin market value stands at $87,001.95, with a 0.43% decrease observed throughout the past day, according to TradingView data recorded on March 25, 2025.
The steady price movement of Bitcoin creates a critical question regarding its potential to rise beyond previous heights despite challenges at $90,000 and equity correlations. Crypto experts display an optimistic outlook regarding Bitcoin’s future movements.
Daan Crypto Trades, an analyst, shared his insights on X, stating that Bitcoin is still trading at a solid spot premium during the bounce, and if maintained, it could touch the previous range ($90K+) and move to new highs. The analyst recognized that $90,000 serves as a strong resistance threshold, yet broad market links between equities might shape Bitcoin’s market activity.
Source: Daan Crypto on X
Price Action Signals Potential for Bitcoin Recovery
Bitcoin price fluctuations range from $80,000 to $109,312.19 at press time, trading at $87,523.45. Despite this recovery, the $90,000 level, a prior consolidation zone, poses a challenge for Bitcoin. The BTC Total Liquidation chart indicates $9.34 million in liquidations on March 24, 2025, when Bitcoin is at $87,076.79. Total long liquidations reached $5.24 million, with Binance accounting for $1.63 million in long liquidations and HTX $2.23 million in short liquidations.
The chart reveals higher instances of liquidations during price movements as the Bitcoin value approached $100,000 from late November into early December. The RSI reading on the 4-hour timeframe reveals a value of 60.44, demonstrating neutral market conditions for Bitcoin and indicating potential upward movement. The MACD shows decreasing bullish strength due to its MACD line position at 68.46 above the signal line at 736.86 and its narrowing histogram.
Source; TRADINGVIEW
The decrease in Bitcoin’s price attempt to break through $90,000 creates additional hurdles for the cryptocurrency to overcome the price barrier. The current price rally faces uncertainty because the recent price bounce lacks substantial trading activity according to 1-day chart data. Also, if Bitcoin doesn’t break this resistance soon, it may enter another phase of building activity, depending on other related market dynamics like equity market movements.
Whale Activity Reflects Growing Confidence in Bitcoin
Meanwhile, a Bitcoin whale added 2,400 Bitcoin, worth over $200 million, to its holdings on March 24, 2025, according to blockchain analytics firm Arkham Intelligence. This purchase brings the whale’s total stash to over 15,000 Bitcoin, valued at $1.3 billion, despite earlier sales when Bitcoin traded between $100,000 and $86,000 in February.
At the same time, BlackRock, the world’s largest asset manager, increased its Bitcoin holdings by 4,054 Bitcoin across 15 transactions, totaling 573,878 Bitcoin worth over $50 billion, as per Bitbo’s Bitcoin treasury tracker. Additionally, spot Bitcoin ETFs in the US recorded a net inflow of $744.4 million, led by BlackRock’s iShares Bitcoin Trust with $537.5 million, signaling strong institutional interest amid Bitcoin’s price rebound.