Bitcoin prices seem to get out of a prolonged consolidation period while the asset has reached its highest level since the end of March.
Bitcoin (BTC) jumped above $ 87,400 on April 21, its highest price since March 28, according to TradingView. He climbed more than $ 3,000 over an intraday lower than $ 84,000 on April 20.
The asset has now won 16% from its lower 2025 in less than $ 75,000 on April 9, and the distance from its advanced price was reduced to 20%.
Although a daily gain of 2.4% is not out of the ordinary for Bitcoin, he moved the active to the upper limits of a channel linked to the beach that started in early March.
“Bitcoin breaks out”, while Nasdaq’s futures are down 1%, observed Scott Melker, alias “the wolf of all the streets”.
The correlation of bitcoin and gold is strengthening
“Gold and Bitcoin’s account aligns for the first time in years,” said Kobeissi’s letter, observing the recent all time and Bitcoin de Gold.
“Gold reached its 55th row of all time in 12 months and Bitcoin officially joins the race,” he said before adding:
“Gold and Bitcoin tell us that a lower American dollar is more uncertainty is on the way.”
The US dollar index (DXY), which is a measure of the greenback against a basket of six major currencies, has decreased by 10% since the start of this year as global trade tensions degenerate.
In relation: Bitcoin obtains a short -term goal of $ 90,000 in the middle of the warning medium “is not sure”
This decision was also observed by “Geiger Capital”, which also observed the drop in technological and USD term contracts, adding that bitcoin was “decoupling”.
– Futures technological
– Dollar Down
– Gold New Ath
– Bitcoin bursts / decouplingRealize where we are. pic.twitter.com/xqzrlehj39
– Geiger Capital (@Geiger_Capital) April 21, 2025
Some analysts had predicted a fall at $ 83,000 during the Easter weekend, citing exchange books, but BTC seems to have challenged them.
On April 19, the analyst “ Rekt Capital ‘observed that Bitcoin did not only have broken the downward trend, he “managed to retest with support for the first time since the formation of the downward trend”.
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