Bitcoin Price Surpasses $90,000 for the First Time Since Early March

On April 22, the price of the leading cryptocurrency surpassed the $90,000 mark, reaching levels seen in early March.

Bitcoin tested the $91,000 threshold but soon saw a slight price correction.

On Binance, BTC/USDT quotes hit a local peak of $91,666.

The Fear and Greed Index transitioned into the «neutral» zone for the first time in a month.

A crypto trader known as Rekt Capital noted that Bitcoin’s market share increased to 64%.

#BTC Dominance

Once again, Bitcoin Dominance has returned to 64%, a significant technical milestone on its path to potentially reach 71% (highlighted in red) as time progresses.$BTC #Crypto #Bitcoin https://t.co/QE0IixI857 pic.twitter.com/h9CfOZDVSn

According to him, this is a crucial level for a potential rise of the indicator to 71% if the trend persists.

Rekt Capital also expressed confidence in the end of the downward trend, noting a decisive breakout of diagonal resistance.

Analyst Miles Deutsch has reported an unprecedented surge in new whale investors in the history of the leading cryptocurrency.

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

Whales are accumulating BTC at an extraordinary pace. pic.twitter.com/XYM8bGPuFI

Another significant development is the record gap between Bitcoin’s market capitalization and the total market value of altcoins. This indicates a bolstering of the first cryptocurrency’s position in the market, emphasized WeRate co-founder Quinten François.

CryptoQuant author Crazzyblockk highlighted two key levels: $91,500 and $83,700.

He identifies the former as resistance and the latter as near-term support. Movement above or below these bounds will dictate the cryptocurrency’s future trend, explained the expert.

It’s worth noting that on April 21, the price of digital gold climbed above $87,000.