The post Bitcoin Breaks $73.5K Resistance; Will $90K Become Next Target In This Rally? appeared on BitcoinEthereumNews.com.

Bitcoin has broken above the $73.5K resistance after two months of support defense. Analyst zerohedge claims that the leading cryptocurrency is now eyeing a path toward $90K. The rally is driven by spot demand as Binance open interest drops from $1.9B to $1.19B. Bitcoin has cleared a key level that held for months, and prices moved above the post-October resistance near $73,500 after defending lower support for nearly two months. In the last 24 hours, BTC pushed past $74,000 as weekly gains now exceed 8%. A market update from Zerohedge flagged this move as a clean breakout. The analyst added that if this level holds, the next target sits near $90,000. The level marks the next major supply zone from the prior distribution. The previous resistance is now supported, and the market has a clear upside path if buyers defend this zone. Spot Demand Drives the Rally Data from CryptoQuant shows that Bitcoin climbed from $63,000 on February 5 to around $73,200 by February 14. At the same time, Binance’s open interest dropped sharply. The 30-day average of BTC-USD open interest on Binance fell from $1.9 billion to $1.19 billion during this rally. This is a divergence with prices going up and leverage dropping. Source: CryptoQuant It is clear now that spot buying is leading. Futures traders are not driving this move. Instead, short positions are getting closed, which adds to buy pressure without adding risk. Lower leverage reduces the chance of forced liquidations. But for a sustained trend toward $90K, new positions in derivatives need to come back. Without that, upside continuation may slow. Related: Strategy Buys 13,927 BTC For $1B, Holdings Near 781K BTC as Yield Hits 5.6% YTD Selling Pressure Exists, But Weak CryptoQuant data also shows that selling is still present but lacks strength. The aSOPR…

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Filed under: News - @ April 14, 2026 10:36 am