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Analysis: BTC expected to enter full rally if $90K is reclaimed

April 22, 2025, 6:33 AM
Crypto trader Cas Abbe believes Bitcoin's (BTC) trend reversal has begun, according to Cointelegraph. In a thread on X, Abbe cited on-chain data and macroeconomic trends, dismissing fears of a "bull trap." He highlighted whale accumulation, the return of the Coinbase premium and broader market factors, suggesting BTC likely bottomed between $74,000 and $75,000. He also noted that most altcoins appear to have found their lows, pointing to the potential for a sustained rally. Meanwhile, trader Daan Crypto Trades emphasized that a daily close above the previous range low near $90,000 would strengthen bullish momentum, while maintaining support around $85,000 is critical.

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