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Bitcoin At 93,000 Dollars: Too Late To Buy?

Bitcoin At 93,000 Dollars: Too Late To Buy?

CointribuneCointribune2025/04/23 08:00
By:Cointribune

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?

Bitcoin At 93,000 Dollars: Too Late To Buy? image 0 Bitcoin At 93,000 Dollars: Too Late To Buy? image 1

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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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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