Bitcoin reclaims $91K amid fresh buying and improved market confidence

Bitcoin rose 4.52% in the past 24 hours to $91,238 on Thursday, supported by renewed buying interest and improving market sentiment. Ethereum also gained, trading at $3,040 during the same period.

Ethereum jumped 3.75% in the past 24 hours to trade above $3,000 level. Among the major altcoins, XRP, BNB, Solana, Tron, Dogecoin, Cardano, and Hyperliquid jumped over 4% in the past 24 hours.

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Edul Patel, CEO of Mudrex, says that Bitcoin has reclaimed the $91,000 level, supported by renewed buying interest and improving sentiment across the market. According to him, an estimated 1.8 million BTC were withdrawn from exchanges overnight, leading to speculation around strong institutional activity.

“Meanwhile, ETH whale wallets holding 10,000–100,000 ETH added 440,000 ETH in a week, reinforcing confidence despite recent caution. If retail demand builds on this momentum, BTC could test and potentially clear $95,000. A breakout above this level would strengthen the bullish structure and open the path toward new highs,” Patel added.

In the past week, Bitcoin and Ethereum went down by 1.50% and 0.16% respectively. Among the major altcoins, BNB, Solana, Tron, Dogecoin, Cardano, and Hyperliquid fell over 9% in the past week, whereas XRP went up by 3.69% in the same time period.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin, believes that Bitcoin is consolidating after a steep correction, trading mostly in the $85,000–$90,000 zone, and a common trend-based entry could be near $82,000–$85,000, where buyers previously defended support.

Vishwanath added that a breakout entry becomes relevant only if BTC closes strongly above $92,000 and potential profit-taking zones are $98,000–$102,000, with a major exit near $110,000 if momentum strengthens. Overall, BTC remains cautious but stable, with macro trends and ETF flows likely guiding its next move.

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Here is what other analysts say

WazirX Trading Desk: A mild improvement in global market optimism, with US rate cut expectations increasing, has been attributed to Bitcoin touching 90k+ levels after more than a week of consolidation and capital outflows. The next resistance could be seen at 93k levels, but with expectations of gains from sellers, it could be reached without many hurdles.

Global PMI stabilising could indicate more activity on Ethereum; however, that would be for a fraction of businesses which operate on the chain. Regardless, this could mean a surge for ETH along with BTC.

Riya Sehgal, Research Analyst, Delta Exchange: Bitcoin climbed back above $90,000, signalling renewed bullish momentum, and the recovery follows a breakout above a key resistance at $88,000, with price now hovering near $91,500.

A decisive daily close above $92,500 could accelerate gains toward the $94,500–$95,000 zone. However, long-term holder (LTH) data reveals heavy profit-taking, with supply dropping to 13.6 million BTC, the lowest since early 2023, suggesting late-cycle distribution pressure may persist unless new demand absorbs the selling.

Sehgal adds that interestingly, the Bitcoin-to-Gold ratio has entered a historic oversold zone, only the fifth time ever, an area that has historically preceded periods of strong Bitcoin outperformance against traditional assets.