Bitcoin Hits $91K Once More: Can Rally Hold Above Key Support Zone?

Source: CoinEdition Original Title: Bitcoin Hits $91K Once More: But How Long Can Rally Hold Above Key Support Zone? Original Link: https://coinedition.com/bitcoin-hits-91k-once-more-but-how-long-can-rally-hold-above-key-support-zone/ Bitcoin has crossed the $91,000 price level once again, prompting analysts to evaluate whether the recovery can maintain its current rally. The question now centers on the sustainability of the rally above critical technical zones.

Analyst Daan Crypto Trades identified the $89,000 to $91,000 region as the main area that needs attention. This zone functioned as support during the late 2024 and early 2025 market consolidation. It later served as resistance during tariff-related volatility before Bitcoin broke out to new highs.

The main region to watch is the $89K-$91K area. This held as support during late 2024 and early 2025 consolidation and then functioned as resistance during market volatility. When it broke out afterwards, Bitcoin visited new highs.

Holding above this green zone could allow Bitcoin to target higher resistance levels. Failure to maintain support would keep the April lows in play as potential downside targets.

Open Interest Records Largest Cycle Drop

Data shows that open interest dropped from approximately $45 billion to $28 billion within several days. This is the largest open interest decline of the current cycle. The move shows a major leverage washout that cleared overleveraged long positions rather than the start of a bear market.

Bitcoin remains above the ETF average cost basis of $79,000, with no meaningful selling pressure from institutional funds. Key structural level to monitor is $74,000. A weekly close below this price would signal the first indication of wider macro weakness.

Liquidation Clusters Form Above Current Price

Analyst SinaOsivand’s whale liquidity map identifies Bitcoin trapped between two major zones. The supply overhead sits at $93,000 with $105 million in liquidity, functioning as the primary rejection level. A secondary supply cluster exists between $95,300 and $96,000.

Heavy Supply Overhead:

• $93K ($105M) — primary rejection zone
• $95.3–$96K — secondary supply cluster

Strong liquidity ceiling; breaking through requires extraordinary demand.

Demand zones below the current price include immediate support at $90,900 with $75 million in liquidity. Deeper support levels sit at $86,000 to $86,500 as a structural buy zone, with prior accumulation at $82,000 to $83,000.

The markup from $83,000 to $91,000 was whale-driven, while light distribution appears around $88,000 to $92,000. Holding $90,900 could enable a retest of $92,000 followed by a liquidity raid at $93,000. Breaking $93,000 opens the path to $95,000–$96,000 and potentially $98,000. Losing $90,000 could trigger a mean reversion to $88,000–$89,000, then $86,000, and possibly $82,000–$83,000.