Bitfinex analyst: Bitcoin’s upward breakthrough resistance weakens, market expects to hit $100,000

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04-25 21:25

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On April 25, according to The Block, Bitfinex analysts pointed out that the market showed mild optimism based on the expiration of Bitcoin options on Friday. While price fluctuations may still occur in the near term, traders are increasingly expecting Bitcoin to reach higher price levels in the second quarter of 2025.

“As the $90,000 strike zone is broken, the upper resistance based on options has weakened,” Bitfinex analysts said in a briefing. They added that “many market participants are currently turning their targets to higher strike prices – $95,000 and $100,000 call options are accumulating a large number of open positions for contracts that expire in late April and May.”

They also expect that inflows of spot Bitcoin ETFs (which have increased this week) could have a significant impact on Bitcoin’s ability to stay above $90,000.

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