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Edul Patel, CEO of Mudrex, says Bitcoin has regained the $91,000 level, supported by renewed buying interest and improving market sentiment. According to him, an estimated 1.8 million BTC were withdrawn from exchanges overnight, leading to speculation around strong institutional activity.
“Meanwhile, ETH whale wallets holding 10,000-100,000 ETH added 440,000 ETH in a week, boosting confidence despite recent caution. If retail demand builds on this momentum, BTC could test and potentially clear $95,000. A breakout above this level would strengthen the bullish structure and open the way to new highs,” Patel added.
Over the past week, Bitcoin and Ethereum fell by 1.50% and 0.16% respectively. Among the major altcoins, BNB, Solana, Tron, Dogecoin, Cardano and Hyperliquid fell more than 9% over the past week, while XRP rose 3.69% over the same period.
Sathvik Vishwanath, co-founder and CEO of Unocoin, believes that Bitcoin is consolidating after a steep correction, trading mainly in the $85,000-$90,000 zone, and that a common trend-based entry could be around $82,000-$85,000, where buyers previously defended support.
Vishwanath added that a breakout will only become relevant if BTC closes strongly above $92,000 and potential profit-taking zones are between $98,000 and $102,000, with a major exit near $110,000 if momentum strengthens. Overall, BTC remains cautious but stable, with macro trends and ETF flows likely to determine the next move.
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Here’s what other analysts say
WazirX Trading Desk: A mild improvement in optimism in the global market, with expectations for rate cuts increasing in the US, is attributed to Bitcoin reaching the 90k+ levels after more than a week of consolidation and capital outflows. The next resistance would be seen at 93k levels, but with expectations of gains from sellers, it could be reached without much hurdle.A global PMI stabilization could indicate more activity on Ethereum; However, this applies to a fraction of the companies active in the chain. Either way, this could mean a rise for ETH and BTC.
Riya Sehgal, research analyst at Delta Exchange: Bitcoin climbed back above $90,000, signaling renewed bullish momentum, and the recovery follows a break above a key resistance at $88,000, with the price now hovering around $91,500.
A decisive daily close above $92,500 could accelerate gains towards the $94,500-$95,000 zone. However, long-term holder (LTH) data shows heavy profit-taking, with supply falling to 13.6 million BTC, the lowest since early 2023. This suggests that late-cycle distribution pressures may persist unless new demand absorbs sales.
Sehgal adds that the Bitcoin-to-gold ratio has interestingly entered a historic oversold zone for only the fifth time ever, an area that has historically preceded periods of strong Bitcoin outperformance against traditional assets.
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