Bitcoin, Ethereum, XRP, Dogecoin Rise But 'Bulls Are On Borrowed Time': Reclaiming $90,000 Could Trigger A Major Deviation

Author: Khyathi Dalal | March 05, 2025 03:01pm

Crypto markets are trending higher as investors anticipate Friday's crypto summit.

Cryptocurrency	Price	Gains +/-
Bitcoin (CRYPTO: BTC)	$89,787.93	+2.3%
Ethereum (CRYPTO: ETH)	$2,212.47	+3.3%
Solana (CRYPTO: SOL)	$145.22	+2.5%
XRP (CRYPTO: XRP)	$2.50	+0.9%
Dogecoin (CRYPTO: DOGE)	$0.2036	+2.4%
Shiba Inu (CRYPTO: SHIB)	$0.00001324	+1.4%

Notable Statistics:

• IntoTheBlock data shows large transaction volume decreasing by 26.3% and daily active addresses falling by 8.2%. Transactions greater than $100,000 are down from 13,388 to 11,748 in a single day. Exchanges netflows are down by 68.5%.
• Coinglass data reports 90,347 traders were liquidated in the past 24 hours for $311.57 million.
• Crypto chart analyst Ali Martinez reports that capital inflows into the crypto market have surged to $15 billion.
• Crypto analyst Miles Deutscher highlights that Bitcoin balances on exchanges have been declining over the past two weeks, suggesting traders bought the dip and moved their holdings to cold storage amid the price slump.

Notable Developments:

• A Benzinga Debate On Federal Reserve Assets: Our Contributors Speak On Gold, Bitcoin
• Trump, Tariffs, Stock Markets, Crypto Reserve: What Key Themes Are Driving Crypto Markets?
• Robinhood CEO Vlad Tenev Expects ‘Crypto Rails’ To Become The Foundation Of Stock Trading
• MSTR Stock Rises Nearly 4% in Wednesday Pre-Market Trading: What’s Going On?
• White House Crypto Summit To Feature Roundtable With Industry Leaders Including Michael Saylor

Top Gainers:

Cryptocurrency	Price	Gains +/-
Bitcoin Cash (CRYPTO: BCH)	$391.78	+24.3%
Jito (CRYPTO: JTO)	$2.68	+17.2%
Ondo (CRYPTO: ONDO)	$1.12	+16.7%

Trader Notes: As Bitcoin struggles to stay above the $90,000 mark, crypto trader Justin Bennett warns that bulls are on borrowed time, noting a rejection at the $92,000 monthly resistance could lead to a sweep of $78,260 lows.

I still think we see a sweep of the $78,260 low, especially after the rejection from $92k monthly resistance.

Bulls are on borrowed time.$BTC #Bitcoin https://t.co/OhDOoL5C4d pic.twitter.com/FNjJzNgcJc

— Justin Bennett (@JustinBennettFX) March 5, 2025

Rekt Capital highlights Bitcoin's two consecutive weeks of downside deviations, but a weekly close above $93,500 would signal strength, reclaiming key support with a higher low forming.

Crypto trader MaxBecauseBTC draws parallels to Q1 in 2017, when BTC saw 2-3 months of sideways trading under Trump before a parabolic rally from April to December.

He notes that as the DXY declines, BTC could follow a similar bullish trajectory if history repeats itself.

Jelle sees Bitcoin attempting another push towards $90,000, stating that a successful reclaim of resistance would confirm a massive deviation of range lows.

Local bottom exactly 2 hours after the open, now pushing for $90,000 again.

Reclaim the resistance ahead and we're locking in a massive deviation of range lows.

Could get interesting the next few days 👀. https://t.co/Dfhc8B8D9q pic.twitter.com/k7C1OT5crw

— Jelle (@CryptoJelleNL) March 5, 2025

Read Next: 

• Howard Lutnick Says ‘President Definitely Thinks There’s A Bitcoin Strategic Reserve’

Image: Shutterstock

Posted In: $BCH $BTC $DOGE $ETH $JTO $ONDO $SHIB $SOL $XRP