After a strong start to the year, Bitcoin (BTC) has encountered significant resistance that has hindered its recovery, resulting in it briefly dropping below $90,000 over the past few days. While assessing the situation, analysts have identified key levels that will influence Bitcoin’s short-term price movements.
Important Bitcoin price levels
Recently post On social media platform X (formerly Twitter), market analyst Ted Pillows outlined three important price points for Bitcoin in the short-term price movement. The first important level to watch is $89,200, which is acting as important support.
If Bitcoin price falls below this threshold, Ted Pillows predicts a subsequent decline towards the $87,500 level. But beyond this, Pillows warned: $87,500 support is lost each day, which could indicate a significant downward trend in cryptocurrency prices in the short term.
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On the upside, analysts suggested that Bitcoin needs to regain the $94,000 to $95,000 range to establish positive momentum. Notably, BTC could reach between $102,000 and $103,000 if the daily closing price is above this level.
Similarly, fellow analyst Ali Martinez emphasized The importance of the cryptocurrency price in maintaining positions above $87,200 to avoid a potential decline to $69,230. This means a potential 24% decline if this scenario were to materialize.
Currently, Bitcoin is experiencing a slight rally, reaching $91,390 at the time of writing, due in part to the US Supreme Court ruling. decision This is to delay a ruling on President Donald Trump’s tariff case, which is expected to cause volatility in the cryptocurrency market.
Bitfinex whale movement
Beyond technical analysis, there are developing trends that many overlook. Bitfinex whales are apparently actively unwinding their long BTC holdings. Analysts such as Ash Crypto point out This type of “unwinding” has traditionally preceded major market disruptions.
During a similar event in early 2025, Bitcoin price stalled around the $74,000 level, but then experienced a significant recovery of around 50%, surging to the $112,000 level within just 43 days.
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Ash noted that this suggests a similar pattern could play out this month, targeting price levels above $135,000 in the near term, resulting in a new all-time high for the market-leading cryptocurrency.
Analysts say the Bitfinex whales have been successful in easing market pressures brought on by large clusters of long-term holdings as they “clean up their books.” By lowering the market target, price exploration algorithms can more easily change direction upwards.
Featured image from DALL-E, chart from TradingView.com
