Bitcoin News: BTC Approaches $90K Resistance but Faces Potential Rejection and Consolidation

A closer look at the latest price action and technical analysis of Bitcoin (BTC) reveals a mixed outlook as the asset nears a critical resistance level.

Bitcoin Price Analysis: BTC Gains Momentum but Is Rejection at $90K Imminent?

Bitcoin’s bullish retracement continues as it approaches the critical $90K resistance. However, low trading activity suggests a higher probability of rejection at this level, leading to potential consolidation in the short term. The asset experienced increased buying pressure at the 200-day moving average ($85K), pushing it toward the critical $90K resistance zone, where substantial supply may be present. If unexpected buying pressure emerges, the trend could change.

Trump’s Bitcoin Reserve Order Removes “Last Existential Risk,” Says Bitwise CIO

Bitwise Chief Investment Officer Matt Hougan believes President Donald Trump’s recent executive order to establish a U.S. Strategic Bitcoin Reserve has eliminated the final major threat to Bitcoin’s long-term viability. According to Hougan, this move solidifies Bitcoin’s standing as a credible financial asset and removes the lingering fear of government crackdowns. In a note to clients, Hougan recalled his first exposure to Bitcoin in 2011 when the cryptocurrency was trading at just $1. Despite its potential, he described the early days as fraught with risk — unreliable trading platforms, custody issues, and regulatory uncertainty. Today, Hougan argues that Bitcoin offers the most attractive risk-adjusted return in its history.

Bitcoin Price Surge Today: Will BTC Cross the $100K Milestone Soon?

The biggest cryptocurrency is gaining attention again as Bitcoin price reaches $87,989.18, showing a 1.42% increase in the last 24 hours. The market cap has grown to $1.74 trillion, and the token has jumped from a low of $77,467.63 earlier this month. Many believe this upward trend could push the $100K milestone soon. Arthur Hayes predicted that BTC could reach $110K, and Senator Cynthia Lummis made a statement suggesting the U.S. could swap its gold reserves for Bitcoin.

BlackRock Launches Bitcoin ETP in Europe, Best Crypto Presales to Watch

Bitcoin may be taking a breather, but behind the scenes, giants are quietly stacking chips. The world’s biggest asset manager, BlackRock, has launched a physically backed spot Bitcoin ETP in Europe called iShares Bitcoin ETP. This follows the roaring success of IBIT, which quickly became one of the most successful Bitcoin ETF launches in history. With whales swimming, investors are flocking to crypto presales. Stay tuned for three of the best crypto presales to watch.

GameStop Buys Bitcoin: Potential Impact on Market

GameStop, once a prominent brick-and-mortar retailer with over 6,000 locations, is now shifting its strategy. CEO Ryan Cohen, aiming to reverse the company’s fortunes, has decided to invest in Bitcoin. With a substantial cash reserve of roughly $4.8B, GameStop intends to follow Michael Saylor’s strategy and start purchasing Bitcoin, although the exact amount remains undisclosed. This move could potentially lead to a surge in Bitcoin’s value and ride the hype wave for upcoming presales.