Bitcoin At 93,000 Dollars: Too Late To Buy?
Bitcoin has just crossed the symbolic threshold of $93,000 for the first time since early March, following a spectacular rise of more than 25% from its low of $75,000. Has the upward train already passed or is there still room for growth for the star crypto?
In Brief
- Bitcoin crossed $93,000 and is trading at $93,730 at the time of writing, surpassing a major technical resistance.
- Breaking through the critical $91,000-$93,000 zone potentially opens the way to $100,000.
- Massive capital inflows into ETFs and the growth of the money supply in China support Bitcoin’s bullish potential.
Crossing $93,000: a buy signal or a fleeting peak?
On April 22, 2025, Bitcoin crossed $90,000, a level it hadn’t reached in months. This bullish move continued, with the price reaching $93,730.
However, technical analysts remain cautious: to confirm a true breakthrough of the major resistance, a daily close above $91,000 is required.
This rise is partly driven by significant inflows into US Bitcoin ETFs and sustained demand in spot markets.
The $91,000 to $93,000 range, which corresponds to Bitcoin’s annual open, represents a strong technical resistance that analysts are closely watching.
Several experts, including Daan Crypto Trades, have highlighted the importance of this zone. If Bitcoin manages to close above $91,000, it could open the way to $100,000, a major psychological level that could be reached in the coming weeks.
Nonetheless, it is never too late to invest in Bitcoin, especially now, as the prospects for a bull run this year remain very realistic.
Michael Saylor, CEO of Strategy, has understood this well: he continues actively accumulating Bitcoin, strengthening his position with a recent investment of over $550 million to purchase an additional 6,556 bitcoins.
Solid fundamentals despite volatility
Beyond these short-term technical signals, the global macroeconomic context remains favorable to Bitcoin.
The record increase in China’s M2 money supply, reaching $44.7 trillion, is pushing investors toward assets considered safe havens against inflation, notably Bitcoin and gold.
Moreover, institutional interest is confirmed with massive inflows into US Bitcoin ETFs.
On April 21 alone, these funds attracted $381 million, the highest since January 2025. The ARK 21Shares ETF stood out with over $116 million invested in a single day.
These movements confirm growing confidence from institutional investors in Bitcoin, seen as a strategic reserve amid global economic uncertainties.
In summary, Bitcoin remains an attractive investment opportunity even at these levels. Its appreciation potential remains intact for investors with a long-term vision. The DCA method (regular and fractional purchases) remains the ideal strategy for cautiously positioning oneself in this asset class.
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Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.