Bitcoin is currently experiencing a rally that could extend to $90,000, but there are concerns about the sustainability of prices above this threshold. After recent drops of 17.39% and 2.3% in February and March, Bitcoin has rebounded by 3.77% in April. As it approaches $90,000, several factors may limit its gains. Market analysts suggest that the current surge is largely driven by leverage rather than sufficient spot volume from retail traders. Despite a recent spike in net taker volume indicating aggressive buying, overall demand remains indecisive. Furthermore, significant liquidation clusters exist between $80,000 and $90,000, causing potential for volatility as traders may be baited into positions that are susceptible to liquidation. Therefore, reaching and sustaining above $90,000 in the near term may require stronger collective buying pressure from both spot and futures markets.

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