Bitcoin Just Spiked to $90,000 — Here’s What’s Really Happening

How’s it going everyone? It’s Sam.

Bitcoin is ripping right now — spiking straight to $90,000 in a matter of hours. The move came fast, and we’re already testing a critical zone that was previous support… and could easily flip into resistance if we’re not careful.

I debated whether to make this video because price action at this level can either break upward or reject violently. But there’s a lot happening under the surface, so let’s break down why Bitcoin is moving, what catalysts are firing, and what to watch next.

BITCOIN IS PUMPING ON THIS NEWS!!

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Bitcoin Pumps as Short Liquidations Hit the Market

In the last hour alone, we saw nearly $100M in short liquidations — a classic fuel source for quick upside. Bitcoin surged from the low 80s to over $90K in a clean staircase move, catching many bears completely off guard.

Traditional markets are green too:

• NASDAQ up ~1%

• Risk-on sentiment returning

• Macro pressure easing this morning

It’s a supportive backdrop.

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Catalysts Behind Bitcoin’s Spike

There are several bullish headlines hitting almost simultaneously:

1. Vanguard CEO Capitulates

Vanguard — historically anti-crypto — is now allowing clients to buy Bitcoin ETFs.
This is major psychological validation for institutions.

2. Trump Teasing a Big 2PM Announcement

No one knows what it is, but markets love anticipation. Momentum traders are clearly front-running the news.

3. SEC Innovation Exemption Coming

Former SEC Commissioner Paul Atkins confirmed a crypto innovation exemption is “launching soon.”

This could dramatically loosen regulatory bottlenecks for builders.

4. U.S. Shopping Surges 8%

Massive Thanksgiving week consumer data → economic strength → investor confidence.

5. Quantitative Tightening Has Ended

QT ended at midnight, and liquidity injections have already started.

A $13.5B spike in reverse repo activity signals fresh liquidity flowing back into markets.

6. 83% Chance of a Rate Cut

According to CME FedWatch, rate cuts now have 83% probability.

Lower rates = risk assets explode.

7. CZ Tweets “More All-Time Highs Coming Soon”

Love him or hate him, CZ still moves sentiment. His bullish tweet lined up almost exactly with the Bitcoin breakout.

8. Bank of America Recommends 4% Crypto Allocation

This is huge.

Whether through research notes or internal guidance, Bank of America is now publicly aligned with crypto exposure.

This is the same script BlackRock wrote before they fully entered the market.

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Bitcoin Price Structure: What Now?

We just formed:

• A Bart Simpson pattern

• A capitulation wick down to $83.9K

• A sharp recovery back to $90–91K

The key level is still $93,000.

This level has been resistance:

• November 20

• November 29

• And again today

A break and hold above $93K opens the door to:

• $98K (50W MA)

• $100K psychological barrier

• New all-time highs

Tom Lee even said yesterday he expects new ATHs by the end of January. Ambitious, but not impossible if momentum accelerates.

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My Strategy Right Now

I’m continuing steady dollar-cost averaging, both for my own portfolio and even in my son’s UTMA account via IBIT.

Even yesterday — during peak fear — I bought more.

Whether it’s a bull cycle or a deeper correction, DCA wins long-term.

On the trading side:
I do have a few smaller high-leverage trades open. One 10x position is up ~43% after catching the bounce from $80K. It’s a tiny portion of my portfolio — just having fun, not gambling the farm.

Some positions flipped red when Bitcoin lost $90K support yesterday, but most are recovering now.

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Final Thoughts

Bitcoin is showing strength.

We’ve got:

• macro tailwinds

• liquidity returning

• bullish institutional news

• shorts getting blown out

• retail sentiment warming up

If we can reclaim $93K with conviction, the next move could be explosive.

If we reject, expect another retest of the mid-80s.

For now — stay focused, stay rational, and don’t chase pumps without a plan.

Thanks for watching. Let me know your thoughts down below — and I’ll see you in the next one.