Bitcoin Price Crosses $90,000 In Post-Holiday Rally — But Don’t Get Excited Yet

Bitcoin's price showed a recent positive movement, surpassing the $90,000 mark after the New Year. However, on-chain data suggests this jump might not signal a full-fledged bull run yet. Analyst Burak Kesmeci highlights that Bitcoin needs to close above the Short-Term Holder (STH) Realized Price, currently at $99,000. The STH Realized Price represents the average cost basis for short-term investors, acting as a potential support or resistance level. Bitcoin's price has been below this critical level since September 2025, indicating potential weakness. Kesmeci emphasizes that breaking above $99,000 is crucial for the market to regain confidence. Additional on-chain data reinforces the $99,000-$102,000 range's significance for Bitcoin's price trajectory. Bitcoin's price needs to overcome this bracket for a positive long-term trend. The analyst also stated that a close above $101,000 is vital for the long-term trend to be positive. Bitcoin is currently trading around $90,110 despite recent gains. Overall, the analysis suggests caution despite the recent price increase, with key resistance levels ahead.