Bitcoin (CRYPTO: BTC) briefly tapped $88,000 in Monday trading, eliciting bullish calls from traders that cite a strong high-timeframe structure and improving macro backdrop.
What Happened: Crypto trader Astronomer flagged the move as significant, calling $88,000 a key target from his original bottom thesis.
Despite hitting this milestone, he has not opened short positions, citing a lack of meaningful sell walls, ongoing order book strength and continued whale-led accumulation.
Astronomer says the only short trigger would be a sweep of $88,700, signs of whale distribution and local top signals.
He expects any potential reversal to appear by Tuesday or Wednesday, ideally confirmed with a bearish weekly close. Until then, he's riding spot longs and is open to reloading at midrange levels.
Also Read: How Traders Can Make Money When Bitcoin Trades Sideways: 10x Research
Why It Matters: Another trader, Nachi, shared that he entered BTC at $80,000 and Solana at $110, following President Trump's recent announcement of a 90-day pause on tariffs, a move he interprets as a sign that peak hawkishness may have passed.
Nachi maintains a bullish thesis, backed by the BTC/gold ratio holding strong, high-timeframe bullish structure, early signs of Bitcoin decoupling from equities, a weaker dollar amid fragile macro conditions and renewed central bank liquidity injection.
What's Next: Nachi's base case is that Summer 2025 (April–August) could be the most bullish stretch, marking a pivot from maximum bearishness to easing macro trends.
Rate cuts, stimulus measures, and softer trade policy could further fuel upside.
He notes one caveat: if Trump reverses his tariff stance by June, the bullish macro narrative could stall, but until then, the trend looks up.
Read Next:
Image: Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
