Analyst Says Don’t Start the Party Until Bitcoin Closes Above This Price Level

In a post that has stirred fresh debate within the crypto trading community, respected analyst EGRAG Crypto has delivered a clear message to market participants: “Don’t start the party until Bitcoin ($BTC) closes above $90,000.”

The comment shared via his official X account builds on his proven track record—most notably, his March 24th prediction that Bitcoin would reach $73,000, which was nearly fulfilled. Now, with the market eyeing higher highs, EGRAG outlines a new technical roadmap, urging caution before celebrating the next major leg up.

Confirming the Uptrend: $81.3K as the First Support

According to EGRAG, Bitcoin must first hold above the $81,300 level to maintain a short-term bullish structure. This price point serves as a base of strength where buyers are expected to defend aggressively. Failing to maintain this support may signal weakness and the possibility of a larger retracement before any upward continuation.

The $90K Signal: A Crucial Technical Milestone

EGRAG emphasizes the need for a three-day candle close above $90,000 to truly confirm bullish continuation. While psychological resistance at round numbers often captures public attention, this particular level holds special significance in his technical model as a point where sustained momentum could emerge.

A close above $90K would indicate that Bitcoin has successfully cleared a key resistance band, allowing traders and institutions alike to prepare for a much stronger rally—one that might take the asset into uncharted price territory.

Fibonacci and Psychological Levels: The $97K–$103K Zone

Beyond the $90K mark, EGRAG outlines several other critical milestones:

$97,000, which aligns with the Fibonacci 0.702 retracement level, serves as both a psychological and technical barrier. Historically, this level has been a sticky zone where price either confirms strength or faces rejection.

Clearing $97K would suggest that Bitcoin is ready to invalidate bearish retracement possibilities, and instead aim for new all-time highs.

A close above $103,000 would represent the ultimate confirmation of strength in this cycle, according to EGRAG. This threshold, once passed, would signal the beginning of full-blown bullish expansion.

Eyes on $100K: The Bullish Gateway

Of particular interest is the $99K to $100K range, a powerful psychological magnet for both retail and institutional players. Reaching and maintaining this zone would likely unleash significant inflows, with sentiment flipping aggressively bullish.

Although this range is not technically as critical as the Fibonacci levels, EGRAG points out that crossing into six-figure territory would mark a monumental achievement for Bitcoin, further fueling the rally.

Don’t Celebrate Too Early

Despite recent market strength, EGRAG’s warning is clear: “Don’t start the party yet.” Celebrating prematurely can be dangerous, particularly in the volatile landscape of cryptocurrency where euphoria often precedes correction. Until the technical checklist is fulfilled—especially a close above $90K and then $103K—the possibility of a pullback remains on the table.

Market Awaits Bitcoin’s Verdict

With Bitcoin still dancing just below these critical levels, the broader crypto market remains in a state of anticipation. EGRAG Crypto’s methodical framework provides traders with an actionable path forward—one grounded in data, not hype. For now, the message is simple: stay vigilant, watch the levels, and wait for confirmation before calling the top.

As the crypto community looks ahead to what could be another historic phase in Bitcoin’s journey, EGRAG’s analysis serves as a strategic compass, keeping investors grounded and focused on what truly matters in technical price validation.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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