Bitcoin, will it really reach $90,000 in a few days?

▲ Bitcoin (BTC) ©Dasol Go

Although Bitcoin (BTC) has repeatedly failed to break through $82,000, some experts believe that the current range could be the pre-stage of a $90,000 rally. With an increase in short-term profit-taking and short-selling bets, the market is once again focusing on the possibility of a short squeeze.

According to the investment media FXStreet on May 15 (local time), crypto market analyst Michaël van de Poppe predicted that Bitcoin could rise to $90,000 in the coming days. He noted that Bitcoin recently rebounded strongly from its 21-day moving average (MA). This moving average has continued to act as a key support level since early April.

However, the risk of a market downturn is also increasing simultaneously. CryptoQuant data shows an expansion in profit-taking by short-term holders (STH). At the same time, in the leveraged market, analysis suggests that short positions aiming for a 'sell the news' trend are rapidly increasing following the passage of the U.S. crypto market structure bill, the CLARITY Act.

Van de Poppe warned that the short-term bullish scenario could falter if Bitcoin consistently closes below the 21-day moving average. He particularly identified the $71,438-$73,408 range as a critical liquidity support level, stating that if this range collapses, the current short-term upward forecast could be invalidated.

A conflict in investor sentiment between the spot and leveraged markets is also considered a variable. Unlike the selling pressure from short-term investors, the media reported that confident long-term investors have been continuously accumulating Bitcoin since 2026. Conversely, in the leveraged market, extreme short bets are accumulating, increasing short-term volatility, according to analysis.

The media assessed that for Bitcoin to actually create a breakout to $90,000, a strong short squeeze and a recovery in inflows to U.S. Bitcoin spot ETFs are simultaneously needed. In the market, the defense of the 21-day moving average and the supply-demand dynamics of U.S. spot ETFs are drawing attention as key variables that will determine Bitcoin's future direction.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*