Bitcoin tops $90,000 for the first time since early March

On 22 April, the price of the leading cryptocurrency climbed past $90,000, returning to early-March levels.

22 April 2025 | 18:34Update:

Bitcoin tested $91,000 before easing slightly.

22 April 2025 | 21:13Update:

BTC/USDT on Binance hit a local high of $91,666.

The Fear and Greed Index moved into the ‘neutral’ zone for the first time in a month.

The trader known as Rekt Capital noted that Bitcoin’s market share has risen to 64%.

#BTC Dominance

Bitcoin Dominance has revisited 64% once again, a key technical stepping stone in its quest to rallying as close as possible to 71% (red) over time$BTC #Crypto #Bitcoin https://t.co/QE0IixI857 pic.twitter.com/h9CfOZDVSn

— Rekt Capital (@rektcapital) April 21, 2025

He called it a key stepping stone toward a possible rise to 71% if the trend persists.

To the moon again?

Rekt Capital also expressed confidence that the downtrend has ended, noting a decisive break of diagonal resistance.

#BTC

Breakout confirmed

The Downtrend is over$BTC #Crypto #Bitcoin https://t.co/pO2zzS12F7 pic.twitter.com/UXIDLp2ajj

— Rekt Capital (@rektcapital) April 22, 2025

According to analyst Miles Deutscher, the number of new whale investors is rising at the fastest pace in Bitcoin’s history.

We’re currently witnessing the largest increase in new whales in $BTC history.

Whales are stacking BTC at a record pace. pic.twitter.com/XYM8bGPuFI

— Miles Deutscher (@milesdeutscher) April 21, 2025

Another milestone is a record gap between Bitcoin’s market capitalisation and the aggregate value of altcoins. That reflects the leading cryptocurrency’s strengthening position, said WeRate co-founder Quinten François.

Biggest gap between Bitcoin and altcoins EVER ? pic.twitter.com/tDIcZlTTzT

— Quinten | 048.eth (@QuintenFrancois) April 22, 2025

CryptoQuant contributor Crazzyblockk flagged two key levels: $91,500 and $83,700.

Bitcoin Cost Basis Zones: Key Levels to Watch

“$91.5K = Resistance — STH RP (if flipped = bullish continuation).

$83.7K = Support — New Holders RP (if lost = downside risk).

A breakout or breakdown from these areas will define the next trend direction.” – By @Crazzyblockk pic.twitter.com/hsIY3JqeZi

— CryptoQuant.com (@cryptoquant_com) April 22, 2025

He sees the former as resistance and the latter as near-term support. A move beyond either boundary would define the next trend, the analyst said.

On 21 April, the price of the digital gold rose above $87,000.