Bitcoin (BTC) Is Now Trading Above Short-Term Highs After Reclaiming the $87,000 Level

Bitcoin is now trading above short-term highs after reclaiming the $87,000 level just a few hours ago. This move signals growing strength among bulls

Bitcoin price is trading above short-term highs again after briefly dipping below the $87,000 level just a few hours ago. This move is signaling growing strength among bulls, but a full bullish reversal will only be confirmed once higher resistance levels are broken.

As global tensions remain high amid a trade war between the U.S. and China, the pressure is still on financial markets. But in the crypto sphere, Bitcoin appears to be stabilizing and preparing for a possible breakout.

Top crypto analyst Axel Adler shared fresh insights that support this view. As of today, Bitcoin’s “foundation” Realized Price (RP) continues to climb gradually, despite a small local dip since February 2025.

Meanwhile, the speculative premium (measured by the MVRV ratio) is compressing, and the total annual network return fluctuates around 46%. According to Adler, these metrics align with a classic accumulation phase—when fundamentals remain strong, but sentiment lags.

This imbalance often creates conditions for the next bullish expansion. If investor confidence returns and macroeconomic conditions stabilize, Bitcoin could be poised for a major breakout. For now, all eyes are on whether BTC can hold above $87K and push toward new highs.

Bitcoin Enters Pivotal Week At Key Resistance LevelBitcoin is now facing critical resistance after reclaiming short-term highs, and this coming week could prove pivotal.

Following last week’s tight consolidation range, bulls are positioning for a breakout as selling pressure fades and broader markets attempt to stabilize. With Bitcoin holding above key support levels in the low-$87,000 range, the tone has shifted—investors are cautiously optimistic that the worst may be behind.

To put this in perspective, Adler shared a compelling on-chain breakdown that supports the bullish case. According to the analyst, Bitcoin’s “foundation” Realized Price (RP) continues to rise gradually, with only a small local decrease since February 2025.

At the same time, the speculative premium, measured by the MVRV ratio, is compressing. When combined with a stable annual network return of around 46%, this suggests Bitcoin is in a classic accumulation phase.

In such phases, fundamentals like realized price and network revenue outpace sentiment, which is lagging. This imbalance often leads to explosive upside when market psychology finally catches up, setting the stage for the next bullish expansion.

If investor confidence returns and macroeconomic conditions stabilize, creating a favorable backdrop for risk assets, Bitcoin could be poised for a major breakout from this key resistance zone.

For now, all eyes are on whether BTC can hold above $87K and push toward new highs to build on the rally from June 2024 lows. A sustained move above $90K would be critical for bulls to collect enough momentum and capitalize on the shifting market trends.

BTC Key Levels To WatchWhat is striking is the resilience of BTC price despite macroeconomic headwinds and tighter trade activity.

The crypto is testing the 200-day simple moving average (SMA) at the time of writing, after briefly dipping below the 200-day exponential moving average (EMA). A decisive move above the 200-day SMA at $88,000 would be needed to cement strength.

A breakout and sustained move above the $90K level would mark a significant technical milestone, signaling a trend reversal and potentially triggering a surge toward 2021 all-time highs. This breakout could also draw back sidelined capital and reignite interest from both retail and institutional traders amid broader market volatility.

However, the bullish scenario hinges on follow-through. If Bitcoin fails to reclaim $90K decisively, the rally may fade, and the market could re-enter a correction phase. A breakdown below $84K would put the $80K support at risk, with further downside likely if that level fails to hold.

For now, BTC remains at a critical junction. The next few trading sessions will be decisive in determining whether bulls have enough strength to reclaim dominance—or whether another leg down lies ahead as bears capitalize on any signs of weakness.