Will Bitcoin Reach $130K in 90 Days?

Bitcoin's Current Price Action: Bullish or Just Consolidation?

Bitcoin has been making headlines once again, delivering its strongest weekly performance in over two months. The world’s leading cryptocurrency climbed 4.24% to reach an intra-day high of $88,804, reclaiming a bullish posture by closing above the 200-day exponential moving average (EMA) on the daily chart.

With Bitcoin securing a weekly close above $84,600, analysts believe the probability of BTC testing the $90,000 resistance level is increasing. However, there’s a significant hurdle: the descending resistance level, which BTC must break decisively to establish a new bullish leg toward its range highs.

A Temporary Correction or the Start of a New Leg Up?

Bitcoin’s recent pullback has sparked debates among traders and analysts, with some arguing that this consolidation period is a necessary "healthy pause" in the ongoing bull cycle. Others remain skeptical, questioning whether BTC has the momentum to push past its next resistance zones.

One well-known crypto researcher, Axel Adler Jr., suggests that Bitcoin’s price action is still well within the boundaries of a healthy consolidation phase rather than signaling a bear market reversal. His insights are backed by on-chain metrics, including Bitcoin’s Investor Price Model, which indicates that BTC has yet to reach an "overheated" state.

On-Chain Metrics Suggest More Room for Growth

Investor Price Model: A Key Indicator for Market Trends

The Investor Price Model has historically provided reliable sell signals, flashing red twice in 2021 before major corrections. The model incorporates several on-chain indicators such as:

• Realized cap – The total value of all BTC based on the price at which they were last moved.

• Thermo cap – The sum of all miner revenue, indicating long-term valuation trends.

• Investor price – A metric used to track Bitcoin’s valuation based on its accumulation cycle.

• Bitcoin supply movements – Monitoring long-term holders and distribution patterns.

Based on these indicators, Adler suggests that BTC remains in its growth stage, not yet approaching a major cycle peak.

Cumulative Value Days Destroyed (CVDD) Confirms Market Strength

Another key on-chain metric that supports the bullish case is the Cumulative Value Days Destroyed (CVDD). This metric measures selling activity among long-term holders by tracking when coins that have been dormant for a long time are moved.

Interestingly, during the current bull cycle (2024-2025), the CVDD indicator has flashed a sell signal only once—in March 2024. Adler notes that in previous cycles, multiple sell signals occurred before Bitcoin reached its ultimate top, suggesting that further upside potential remains.

Adler’s final projection? Bitcoin could hit $130,000 within the next 90 days.

Bitcoin’s Open Interest Surges $1.5 Billion in 24 Hours

Another crucial factor supporting Bitcoin’s upward trajectory is the surge in Bitcoin open interest (OI). According to Velo data, BTC's open interest—a measure of the total value of outstanding futures contracts—jumped by over $1.5 billion in just 24 hours.

This sudden increase in open interest signals growing investor participation, but it also introduces volatility risks. Interestingly, despite this surge, Bitcoin’s funding rate remained neutral, indicating that neither long (bullish) nor short (bearish) traders were dominating the market.

Weekend Volatility and the Role of Leveraged Trading

Bitcoin’s upward momentum intensified late on Sunday, March 23rd, a pattern often observed in crypto markets. Weekend price rallies are typically characterized by lower trading volume, as institutional investors and large market participants remain less active. In such cases, leveraged trades can amplify price movements, leading to increased volatility.

Crypto analyst IT Tech PL pointed out in an X (formerly Twitter) post that open interest spiked after BTC breached the $87,500 level. However, he issued a warning:

“But here’s the catch: High OI + Rapid Price Increase = Risk of Liquidation Cascades!”

In other words, if Bitcoin’s price rises too quickly with high leverage in the market, a sudden reversal could trigger mass liquidations, causing sharp price swings.

Technical Outlook: Will BTC Break $90K Soon?

From a technical standpoint, Bitcoin has already established a new weekly high at $88,750, surpassing the previous top. However, BTC’s price structure suggests that a temporary correction might occur before the next leg up.

Key Technical Indicators to Watch

1. Bollinger Bands: Bitcoin is currently testing the upper Bollinger Band alongside a descending resistance level. Historically, touching the upper band often results in short-term pullbacks before continuation moves.

2. Ascending Channel Formation: BTC is oscillating within an ascending price channel, a pattern that generally suggests higher highs and higher lows in an uptrend.

3. Support Zone: A short-term correction could bring BTC back to the $86,000-$87,000 demand zone, where buyers are expected to step in before a decisive push toward $90,000 and beyond.

What Happens After $90K?

If Bitcoin successfully breaks through the $90,000 resistance, it could trigger a wave of FOMO (fear of missing out), further propelling prices toward six-figure targets.

However, analysts caution that BTC must also contend with profit-taking pressure at key psychological levels. Seasoned investors may start offloading their holdings once BTC nears $123,000-$130,000, potentially leading to short-term pullbacks before another rally continuation.

Final Thoughts: Can Bitcoin Hit $130K in 90 Days?

Bitcoin’s recent surge, combined with strong on-chain metrics and rising open interest, suggests that the cryptocurrency remains in a strong uptrend. While short-term corrections are likely, they should be viewed as healthy pauses rather than signs of weakness.

Key Takeaways:

• Bitcoin has reclaimed its bullish momentum, trading near all-time highs.

• On-chain metrics (Investor Price Model & CVDD) suggest that BTC is still in a growth phase.

• Open interest has surged by $1.5 billion, reflecting increased market participation.

• Technicals suggest a potential short-term dip before BTC pushes toward $90K.

• Analysts predict a potential BTC rally to $130,000 within 90 days, but profit-taking could create resistance near $123K.

Ultimately, Bitcoin’s ability to sustain its momentum and break key resistance levels will determine whether it can reach $130,000 in the next three months.