<ul><li>Bitcoin surged by 4.24% to reach $88,804, marking its best weekly performance in over two months.</li><li>Analyst Axel Adler Jr. predicts Bitcoin could hit $130,000 within 90 days based on onchain metrics.</li><li>A major whale bought 2,400 BTC worth $200 million, while another moved 3,000 BTC valued at $250 million.</li><li>Institutional interest grows as BlackRock acquires 4,054 BTC, boosting their holdings to over 574,000 BTC.</li><li>Bitcoin closed above the 200-day EMA and shows potential to test $90,000 soon.</li><li>Analyst Adler believes Bitcoin's consolidation isn't the start of a bear market and predicts a climb to $130,000.</li><li>Bitcoin's CVDD metric indicates strong price prospects, with open interest surging by $1.5 billion in 24 hours.</li><li>Technical analysis suggests a short-term correction before Bitcoin may breach $90,000.</li><li>Whale activity, including BlackRock's purchases and whale transactions, impacts Bitcoin market sentiment.</li><li>Recent price movement, on-chain metrics, and whale actions all point towards a bullish trend for Bitcoin.</li></ul>

Bitcoin (BTC) Price: Technical Analysis Suggests Path to $90,000 in Near Term

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