Bitcoin price surged past $88,000 on March 25, putting $90,000 squarely in its sights — but traders aren’t popping champagne just yet. That level is thick with sell orders, reportedly tied to a high-volume mystery trader nicknamed “Spoofy the Whale,” according to CoinGlass data.
April’s Track Record Boosts Hopes
Optimism is growing fast. According to QCP Capital, markets got a lift after U.S. President Donald Trump signaled that the upcoming April 2 trade tariffs might come with exemptions. That shift helped “soothe market jitters” and revive risk appetite. Historically, April has been kind to Bitcoin, with CoinGlass showing an average monthly return of nearly 13% over the past 11 years.
Bitcoin Must Reclaim $93K to Avoid Pullback
Still, there’s tension in the air. “$90K remains a big resistance,” wrote trader Daan Crypto Trades on X, adding that breaking into that range could pave the way to fresh highs. Meanwhile, Material Indicators co-founder Keith Alan warned that if Bitcoin fails to reclaim $93,000 — the 2025 open — we could see a slide back toward recent lows.
At the time of writing, Bitcoin is sitting at $87,950.
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