Bitcoin Returns to $90,000: Bull Market or False Rally?

Bitcoin has experienced a significant upward trend in the past few days, successfully breaking through the 90,000 USD mark and making multiple attempts to reach higher prices during the day. As the price rebounds, market optimism quickly rises, and discussions about the “bull run return” have noticeably increased on social media platforms.

However, is the Rebound behind a real trend reversal or just a “technical bounce after a deep drop”? This is the core question that most investors are concerned about.

$90,000 barrier breached: Bitcoin’s recent performance

Recently, Bitcoin has shown a typical V-shaped Rebound structure:

• Quick bottom formation and probing
• The strength of the bears is weakening
• Funds are quickly rebounding at low levels.
• Bullish sentiment quickly recovers

After repeatedly holding steady at 90,000, the short-term trend has clearly improved, and market confidence has strengthened.

What is driving the strong Rebound of BTC?

The following three factors are generally considered to be the main drivers of price rebound:

1. The re-entry of institutional funds

Large funds rarely follow retail panic during a decline; instead, they tend to buy on dips, pushing up the price bottom.

2. The technical aspect shows a clear reversal structure.

Multiple technical indicators simultaneously bottomed out and reversed, including:

• RSI rebounds from the oversold zone
• The moving average system begins to contract.
• The key support level has not been broken.

The technical analysis supports the reasonableness of this rebound.

3. Market sentiment has recovered from extreme pessimism to a neutral to slightly optimistic stance.

The emotional cycle of Bitcoin usually has a clear pattern: panic → wait and see → rebound → FOMO (fear of missing out)

The market is clearly in the “Rebound” stage.

Rebound vs bull run: How to distinguish?

To determine whether a bull run is returning, several necessary conditions must be met.

Characteristics of a real bull run:

• Continuously break through high points, rather than just a single rebound.
• Trading volume continues to expand.
• Investors are willing to continue buying during the pullback.
• Large funds increasing their positions rather than short-term arbitrage

The common characteristics of a short-term rebound:

• Although the price has risen, the volume is insufficient.
• Large holders have not continued to increase their positions.
• A piece of good news can drive the rise.
• It is easy to fall back when encountering resistance levels.

Currently, Bitcoin is in a state between the two and needs more confirmation signals.

The next two possible paths for Bitcoin

Route A: Bull continuation, challenging $95,000–$100,000

If the following phenomena occur, it indicates that the bullish trend may continue:

• The pullback is mild.
• Trading volume continues to expand as it rises.
• Steady after breaking 95,000

If realized, the market will enter a new round of bull run.

Route B: The rebound is weak, returning to the 85,000–88,000 area.

If the rebound mainly relies on short squeeze or short-term news, then:

• The volume quickly shrinks after the rise.
• Funds choose to take profits and exit at high levels.
• Encountering pressure levels with repeated tug-of-war

may return to range oscillation.

How should investors grasp the market situation?

• Do not chase the price when emotions are particularly high.
• Maintain a dollar-cost averaging strategy
• Set risk control instead of betting on direction
• Focus on key price ranges, not social media sentiment.

For long-term investors, this is still a healthy upward structure; for short-term traders, increased volatility means the need to be more cautious.