Bitcoin Around $90K: Institutional Demand Is Rising, but Resistance Still Holds

Bitcoin (BTC) is currently trading around the ~$90,000 level after a period of increased volatility. Despite signs of renewed institutional demand returning to the market, price action remains constrained under key resistance.

Some projections suggest that if a significant amount of BTC continues to be absorbed by ETFs over time, long-term upside could remain strong. However, in the short term, BTC has struggled to break the psychological resistance zone between $90K–$95K.

Market sentiment appears cautious ahead of major options expirations, which may contribute to further volatility in the near term.

Do you see Bitcoin holding above $90K and pushing higher into 2025, or is a deeper pullback more likely before the next move? Interested to hear different perspectives.