- Bitcoin faces resistance between $88K and $91K, limiting upward momentum.
- Whales have reduced holdings by 290K BTC over five months.
- Bitcoin remains above $85K, but $90K resistance must be breached for bullish momentum.
Bitcoin holds steady above $85,000, but upside remains constrained as the $88,000–$91,000 liquidity zone poses strong resistance. Once a key support, this range has now turned into a formidable barrier, preventing further gains. Without a clear breakout, Bitcoin may stay range-bound, weighed down by technical factors and broader economic pressures.
Whales Reduce Holdings by 290K BTC
Cryptocurrency trader Daan Crypto Trades highlighted that Trump’s upcoming tariff policies could play a key role in Bitcoin’s price movements. He expects BTC to consolidate around the mid-$ 80,000 range until the market fully absorbs the impact. Similarly, analyst Martinez noted that Bitcoin reserves have plateaued, suggesting that many investors are staying on the sidelines for now.
On-chain data from CryptoQuant reveals a notable shift in supply dynamics. Over the past five months, major Bitcoin holders, often referred to as whales, have reduced their holdings by 290,000 BTC. This indicates a period of sustained distribution, but recent data suggests that selling pressure may be easing, potentially setting the stage for renewed accumulation.
Bulls Struggle to Break $90K Barrier
Bitcoin is at a pivotal level as bulls attempt to break the $88,000 resistance and push toward the $90,000-$91,000 liquidity zone. Market analyst Axel Adler noted that whales—those holding over 1,000 BTC—have slowed their selling, signaling a potential shift toward accumulation. This behavior change could provide foundational support for a future rally.
Despite the price fluctuations, Bitcoin has managed its position above key indicators such as the 200-day moving average (MA) and exponential moving average (EMA), both converging near $85,500. These levels provide key support to buyers, and the bulls are to make sure that they are kept to avoid further price depreciation down to the lower buying zones.
Bitcoin’s strength was on display as the primary cryptocurrency held above $85,000 for a prolonged period even when volatility surged from Trump’s latest tariff announcement. Currently, BTC is capped at $86,809 on CoinMarketCap before retracing toward $87,000. The digital asset’s trajectory is still up in the air, although the $90,000 mark is the most obvious resistance zone at this point.
Most of the BTC are still available for purchase at this level, which makes this price range aggressive for bullish traders. If the price doesn’t break above 90K, the selling pressure in the coming days would likely push prices lower than $81,000. A quicker confirmation of the bullish trend is needed from the bulls at this time to increase the price steadily.
Read More: Bitcoin Holds Strong as Whales Accumulate Ahead of Major Breakout to $109k
