Bitcoin fights for $ 90,000: three reasons for the course stagnation and the view of a possible recovery

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Bitcoin course: challenges when breaking through the $ 90,000 brand

The Bitcoin course (BTC) continues to have difficulty breaking the resistance level of $ 90,000. Despite several attempts, the price remains under this psychological border. In this article we illuminate three main reasons that explain this stagnation.

sales pressure of short-term BTC owners

On Monday, March 24th, the BTC course reached $ 88,000, and there was a short hope for another outbreak. Nevertheless, the course met with resistance. Another increase to $ 90,000 is currently a big challenge.

A crucial factor that contributes to the current price pressure is the continued sale by short-term holders (Short-Term Holder, STHS), i.e. investors who last less than 155 days. According to data from Glassnode, these STHS currently keep a significant part of the Bitcoin offer, which is in a loss. Specifically, the volume of the STH offer has risen to 3.4 million BTC, which is the highest level since July 2018.

This situation indicates that many short-term investors sell their positions to avoid further losses. This in turn ensures additional sales pressure, which pushes the course down further.

acceptance of Bitcoin liquidity

In addition to the sales pressure of STHS, the market is struggling with a decrease in liquidity. The on-chain transfer volume has dropped to $ 5.2 billion a day, which means a severe decline of 47 percent compared to the climax during the rally.

In addition, the number of active addresses dropped by 18 percent, from 950,000 in November 2024 to 780,000. This decline in activity indicates a reduced number of transactions and shows that investors are more hesitant under the current market conditions to handle their business.

lack of inflow new BTC buyer

A third factor that hinders Bitcoin's price increase is the lack of new capital inflows. The current bull cycle shows a concentration of the offer on higher price levels ($ 100,000 -108,000 $), without significant tributaries of new buyers at lower levels that could initiate price recovery.

This situation is reinforced by macroeconomic uncertainties that have increased as US president since Donald Trump took office. The market has been particularly volatile since then, and investors are preferring safe ports of speculative assets such as crypto. This contributes to the stagnation of the Bitcoin course.

Despite these challenges, long-term holders (long-term holders, LTHS) continue to retain a significant part of the network value, with almost 40 percent of the value invested in their hands. This indicates that despite the current market pressure there is potential for future recovery as soon as the sales pressure subsides and new demand enter the market.