Bitcoin Holds Firm Above $89,000, Bullish Trend Remains Intact

Bitcoin (BTC) is showing resilience by maintaining its position above the critical $89,000–$90,000 range. This was highlighted by a well-known analyst on X, ‘Daan Crypto Trades’, on Saturday (April 27, 2025). According to Daan, as long as Bitcoin stays above this level, its long-term trend remains bullish.

In one of his latest posts, Daan noted that a price correction (flush) could happen. However, he believes that any correction would likely form a ‘higher low’, which is typically a signal for a continued upward trend.

"Still, it’s important to remember that no one can precisely predict when or at what price the correction might occur," Daan emphasized.

From the chart he shared, it can be seen that Bitcoin has recently broken through a major resistance zone and is approaching its all-time high, signaling that market momentum remains strong.

"One key aspect I focus on is the overall market structure on larger timeframes, rather than getting caught up in short-term price movements," he explained.

According to him, this approach is the safest and simplest way to navigate the current market dynamics.

Meanwhile, according to a report by cointelegraph.com, Bitcoin is now nearing the psychological resistance level of around $95,000. This level is considered crucial as round numbers like $95,000 often serve as decision points where traders either take profits or open new positions, naturally turning the area into strong resistance.

$BTC Bullish as long as it trades above $89K-$90K.

We will get a flush at some point which should then create a higher low. When and where is anyone's guess.

I'm simply focussed on the market structure and higher timframe view. That's the easiest way to navigate this. https://t.co/y2IlQsQ0AX pic.twitter.com/crWIDnEG4N

— Daan Crypto Trades (@DaanCrypto) April 26, 2025