Healthy Pullback or Trend Shift? Bitcoin Eyes Higher Low Above $88K

Bitcoin is in a healthy correction phase, aiming to form a Higher Low above $88K, reinforcing its ongoing bullish market structure.

CrossX indicators show strong market cycles with recent buy and sell signals, confirming natural volatility within a larger uptrend.

On-chain data from CryptoQuant suggests Bitcoin is entering the early rally phase, with potential to reach $150K if momentum sustains.

Bitcoin is undergoing a notable correction after hitting resistance near $96,000. According to the CrossX indicator, a Top Reversal (TR) and Sell signal recently emerged on the daily timeframe. The current price hovers near $93,516, down 0.78% from the previous session

Despite the dip, analysts emphasize that this is a healthy pullback within a broader uptrend. This correction allows the market to cool off and could establish a Higher Low (HL) above the $88,000–$90,000 support zone. Consequently, if this level holds, it will reinforce the bullish structure and set the stage for another leg up.

CrossX Signals Suggest Strong Market Structure

The CrossX Pro V.4 chart displays clear market cycles from January through April 2025. Price action began the year strong, breaching $100,000 before reversing sharply. The indicator highlighted multiple sell signals, including the key TR that triggered the initial drop. Bitcoin bottomed in mid-March at $74,000, forming a Lower Low (LL). Subsequently, April sparked a recovery, climbing back above $95,000 and establishing Higher Highs (HH).

Moreover, CrossX marked new buy signals near the March bottom, indicating a potential trend reversal. The recent sell signal is not unexpected. Instead, it reflects natural market behavior. Such corrections often shake out weak hands and provide momentum for sustainable growth. Additionally, price remains well above the prior swing low, which supports a bullish continuation.

On-Chain Data Supports Bullish Outlook

Meanwhile, CryptoQuant’s Composite Index shows on-chain momentum entering the early rally phase. The Ratio now sits near 0.8, a threshold often preceding bullish expansions. Analyst Axel Adler outlines three possible scenarios. Optimistically, a breakout above 1.0 could send Bitcoin to $150K–$175K, mimicking past cycles. The base case sees consolidation between $90K–$110K. The pessimistic case would drop the price to $70K–$85K, though that seems less likely.

Bitcoin’s history highlights cyclical rallies followed by deep corrections. However, each cycle sets higher floors. The current movement resembles past pre-bull breakouts. Hence, while short-term volatility remains, the broader trend remains bullish.

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