Bitcoin’s recent price pullback hasn’t dampened the bullish sentiment among analysts. A significant drop in exchange reserves and a surge in stablecoin liquidity signal a potential breakout towards the crucial $90,000 mark. 2.43 million BTC currently held on exchanges are at their lowest point since 2018, indicating increased long-term holding and reduced trading supply. This is supported by the Stablecoin Supply Ratio (SSR) that remains relatively high at 14.3. A lower SSR suggests substantial capital ready to be deployed in favor of Bitcoin. Technical signals, including a near-oversold Stochastic Oscillator, further fuel this expectation, hinting at a potential bullish breakout. Analysts believe Bitcoin’s price movement could mirror previous patterns from 2024, with the current range-bound phase expected to evolve into a strong rally. The market is currently balanced as evidenced by funding rates for Bitcoin derivatives returning to neutral territory. With institutions buying and the upcoming April halving approaching, this bullish outlook strengthens further, and a breakout above $90,000 is anticipated, with traders closely observing this crucial zone.