Bitcoin prices have shown good signs of recovery over the past few days, and have temporarily returned above the $85,000 level to kickstart the weekend. BTC prices have often been surprised towards the end of the week of 2025, but the best cryptocurrencies hope to travel differently in the coming days.
Is $90,000 the next stop for Bitcoin prices?
Luckily, the future appears to be bright for the world’s biggest cryptocurrency after Crypto analyst Ali Martinez went to the X platform and shared an exciting bullish prognosis for Bitcoin prices. According to traders, BTC prices could be heading towards a psychological $90,000 level.
The rationale behind this positive prediction is the appearance of a triangle pattern rising in the one-hour time frame of the Bitcoin chart. The rising triangle is a technology price analysis pattern that features an inverse right corner triangle with a horizontal upper bound (connecting a series of lower highs) and an oblique rising trend line (connecting a swing row).
The formation of ascending triangles is usually considered a bullish chart pattern, indicating a continuation of the original upward trend. However, the formation of rising triangles also serves as a trend inversion pattern and a bear signal. Asset prices destroy the low trend line and collapse in the opposite direction of the initial uptrend.
As observed in the highlighted chart, Bitcoin prices appear to have broken over $84,000 from the triangular pattern via the horizontal top trend line.
Martinez said in his post he is in a convincing and lasting proximity that is beyond this level. The price target for an upward triangle pattern is determined by adding the vertical distance between the horizontal and rising trend lines to the breakout point.
When Bitcoin’s price jumps to $90,000, it represents a move of nearly 7% from its current price range. At the time of writing, the flagship cryptocurrency is valued at around $84,400, reflecting a surge in prices of almost 5% over the past 24 hours.
Can a rise in whale activity increase the price of BTC?
If Bitcoin prices are regaining a $90,000 level, you will need all the purchase pressure you can get from investors. Interestingly, the biggest class of BTC investors (whales) appears to have already been at the party, and have been loading bags continuously for the past few days.
In another post in X, Martinez revealed that the recent whales who own 1,000-10,000 coins have been added to their holdings. Santiment’s data shows that this class of whales have obtained 20,000 BTC in the last 24 hours.
This high purchasing activity from Bitcoin Zilla could provide the bullish driving force needed to move the price of BTC to $90,000.
ISTOCK featured images, TradingView chart
