Bitcoin Price Recovery

The Bitcoin price has shown good signs of recovery over the past few days, briefly returning above the $85,000 level to kickstart the weekend. While BTC’s price has often floundered towards the end of the week in 2025, the premier cryptocurrency hopes for a different journey over the next few days.

Is $90,000 The Next Stop For Bitcoin Price?

Fortunately, the future seems bright for the world’s largest cryptocurrency after crypto analyst Ali Martinez shared a bullish prognosis for the Bitcoin price on the X platform. According to the trader, the price of BTC could be on its way to the psychological $90,000 level.

The rationale behind this positive prediction is the appearance of an ascending triangle pattern on the 1-hour timeframe of the Bitcoin chart. The ascending triangle is a pattern in technical price analysis featuring an inverse right-angled triangle with a horizontal upper boundary (connecting lower highs) and a diagonal rising lower trendline (connecting swing lows).

An ascending triangle formation is usually considered a bullish chart pattern, indicating the continuation of the original upward trend. However, it can also serve as a trend reversal pattern and a bearish signal if the price breaks below the lower trendline.

As observed in the highlighted chart, Bitcoin seems to be breaking out of the triangle pattern through the horizontal upper trendline around $84,000. Martinez noted that a convincing and sustained close above this level could allow the cryptocurrency to target the psychological $90,000.

A leap to $90,000 would represent an almost 7% move from the current price point of around $84,400, reflecting a nearly 5% surge in the past 24 hours.

Can Rising Whale Activity Push BTC Price Up?

If the Bitcoin price is going to reclaim the $90,000 level, it needs significant buying pressure from investors. Interestingly, the largest class of BTC investors (whales) seem to already be participating, continuously accumulating over the past few days.

Martinez disclosed that whales owning between 1,000 and 10,000 coins have added to their holdings recently. Data from Santiment shows this group of whales has acquired 20,000 BTC in the last 24 hours.

This high buying activity from Bitcoin whales could provide the necessary bullish impetus for BTC to reach $90,000.

Featured image from iStock, chart from TradingView