Bitcoin Could Climb Into the $90,000s if It Breaks Above $83,000, Analyst Says

Bitcoin is extending its advance and building a structural foundation for a push toward $100,000, according to crypto analyst Ali Martinez.

Martinez wrote on X on May 5 that Bitcoin has gained about 15% since forming a bullish MACD crossover on the weekly chart on April 13. He said the signal has historically marked the start of multi-month uptrends.

After similar weekly bullish MACD crossovers, Bitcoin rallied 147% in October 2023, 75% in October 2024 and 35% in May 2025, according to Martinez.

In the short term, the 200-day simple moving average near $83,000 is the key resistance level. A clear daily close above $83,000 could open the way for gains to $89,000 and then $94,000, Martinez said.