Can $90,350 Hold As Support?


  • Bitcoin’s bullish outlook remains intact, with potential for a rally if it holds above key support at $90,350.
  • Recent Bitcoin price movements and wave counts suggest a strong foundation for further upward momentum.
  • Massive $1.2B ETF inflows signal rising institutional interest in Bitcoin, boosting the chances of a price surge.

Bitcoin continues to hold a bullish outlook, and it may be ready for another rally soon. More Crypto Online noted that Bitcoin’s retracement process is necessary to maintain its bullish outlook. If a break occurs below $90,350, it might mean that the price has returned to the third wave (wave 3) of the rally. However, optimism remains high, particularly regarding the expectation of larger moves for Bitcoin in the future.

Recent price movements of Bitcoin indicate that the charts have surged from the lows observed in April, which Fundamental analysts view as an indication of a future direction. This has been further helped by the fact that wave count has shown the price action as a full 5-wave impulse from the April low. The cryptocurrency has now reached wave 5, which is considered a crucial support level. Thus, if BTC stays at this level, it will lay the groundwork for the next wave in the cryptocurrency’s ascent.

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Source: X

Bitcoin Price Fluctuations

Despite this, the price of BTC has not yet demonstrated any signs that a top is imminent, yet bear in mind that the market is volatile. Market makers are now in a dilemma whether to wait for the confirmation or prepare themselves for the rally. On the one hand, typical of Bitcoin, fluctuations occur rapidly, and one must pay attention to them constantly.

Crypto Busy found out that over $1.2 billion flows into these ETFs within a single day. The market marked the biggest single-day inflow of 11,898 BTCs, which has been seen since November 2024. This daily inflow is 500 times higher than the average for the year 2025, which is an indication that there is a growing acceptance of BTC by institutional investors.

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Source: X

Massive ETF Inflows Signal Surge

The flows from exchange-traded funds (ETFs), amounting to about $1.2 billion at current prices, depict the fact that institutional investors are now warming up to BTC. This is even more evident when it has risen by 11.5 times as compared to the overall average per day since the ETF’s creation. The possibilities of a higher price are now on the rise due to the increased interest that has been tagged to large investors. As of press time, BTC is hovering at $93,530, up by 0.20% over the past day.

BTCUSDT 2025 04 24 05 06 06BTCUSDT 2025 04 24 05 06 06
Source: TradingView

The present decline in BTC prices could just pave the way for the next big move up. The increase in ETF inflows and continued upward price behavior trends suggest a possible further surge in Bitcoin price soon. Market participants should pay attention to these levels and be ready for more fluctuations as long as they last.



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