BitcoinNewsUpdate

Bitcoin (BTC) has reclaimed bullish momentum, surging to $87,400 and marking its highest price point since March 28, according to TradingView. The recent upward movement positions Bitcoin firmly at the top of its range-bound channel, sparking breakout signals as it outperforms broader markets, including tech futures. The rally, which started after Bitcoin dipped below $75,000 on April 9, has now gained more than 16% in less than two weeks. BTC has also climbed over $3,000 from its intraday low of $84,000 on April 20. This push has narrowed the gap from its all-time high to just 20%, fueling optimism among traders and analysts.
Breakout Confirmed Above $87K
Popular crypto analyst Scott Melker, also known as “The Wolf Of All Streets,” noted, “Bitcoin is breaking out,” even as Nasdaq futures slipped by 1%. This decoupling is seen by many as a signal of strengthening Bitcoin dominance, particularly amid a weakened U.S. equity outlook.
Analyst Rekt Capital added that BTC didn’t just break through its downtrend—it has “successfully retested it as support” for the first time since the downtrend began, a technical milestone often associated with the beginning of sustained rallies.
Bitcoin and Gold Align as USD Weakens
Market observers such as The Kobeissi Letter and Geiger Capital highlighted a growing correlation between Bitcoin and gold, both seen as hedges against a weakening U.S. dollar.
- Tech futures down- Dollar down- Gold new ATH- Bitcoin breaking out/decouplingRealize where we are. pic.twitter.com/XqZRlEHj39— Geiger Capital (@Geiger_Capital) April 21, 2025
“Gold has hit its 55th all-time high in 12 months and Bitcoin is officially joining the run,” Kobeissi shared on X. The sentiment reflects increased uncertainty around the U.S. economy and global trade.
The U.S. Dollar Index (DXY) has dropped 10% since the start of 2025, driven by escalating geopolitical tensions and trade disruptions. This decline has been a major tailwind for Bitcoin’s rebound, as investors seek alternative stores of value.
Analysts Proven Wrong as BTC Reverses Early April Slump
Some analysts previously expected BTC to fall to $83,000 over the Easter weekend based on order book dynamics, but Bitcoin has since invalidated that bearish thesis. Instead, it demonstrated resilience by reclaiming support levels and pushing toward a fresh breakout zone.
The technical structure now shows Bitcoin well-positioned to attempt a push toward its March highs and possibly beyond, should macroeconomic headwinds persist and liquidity continue to flow into digital assets.
Bitcoin Sets Stage for Potential Continuation Rally
With bullish sentiment growing, positive technical confirmation, and strong macro tailwinds including dollar weakness and gold’s rally, Bitcoin appears poised for further upside. However, traders should still exercise caution and monitor for sustained volume and volatility conditions that support further gains.
The post appeared first on CryptosNewss.com
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Devendra Mehra, manager of the Starbucks outlet in Delhi’s Khan Market, recently shared a heartfelt story of a man working as a Zomato delivery agent, a single father taking care of his two-year-old daughter. In a post on LinkedIn, Mehra shared a picture of the man with his daughter.
In his now-viral post, Mehra shared that the man is a single father and carries his daughter to work. On learning his “inspiring” story, the store offered a “small treat of babyccino” to the toddler. “Today, a Zomato delivery boy came to our store Starbucks Khan Market, New Delhi to pick up an order. He touched our hearts. Despite facing challenges at home, he continues to work hard while caring for his little 2-year-old daughter with him during the work,” Mehra wrote.
“He is a single parent raising his daughter. Seeing his dedication and love for his child was truly inspiring. We were honoured to offer her a small treat of babyccino, hoping to bring a little smile to her face. It reminded us of the strength and resilience of the human spirit, even in difficult times. We wish him and his daughter all the best, and we’re grateful for the small moments that remind us of the kindness and empathy that connect us all. His name is Sonu,” the post said.
See the post here:

After the post came to light, Zomato Care thanked Mehra for acknowledging the delivery agent. “Thank you so much for sharing this touching story about Sonu. We’re deeply moved by his dedication and the strength he shows in his work. We’ll ensure your heartfelt appreciation is passed on to Sonu. His resilience and commitment truly embody the spirit of our team. Your kind gesture and recognition mean a lot to us,” the company wrote.

Many X users hailed Mehra for his kind gesture. A user commented, “Stories likes these makes heart so full. See if you can find this man again as we can do fund raising for his daughter’s education. I would be the first one to contribute.”

It’s heartwarming to see the empathy and kindness extended towards Sonu and his daughter. This story is a testament to the strength and resilience of the human spirit, reminding us all to cherish the small moments and practice empathy,” another user wrote.

#Bitcoin❗ #MarketDynamics #BinanceSquareFamily #bitcoinnewsupdate #BTC☀

Introduction: The Impact of Interest Rates on Bitcoin

Bitcoin has recently experienced a price surge following the U.S. Federal Reserve's decision to lower the Federal Funds Rate by 0.5% to 5.00%. While this move is typically viewed as beneficial for the cryptocurrency market, it raises concerns about a potential correction. With the U.S. government continuing its spending spree, investors may shift their focus from riskier assets like cryptocurrencies to bonds as interest rates decline.

Current Resistance Levels: Key Zones to Watch

Bitcoin is currently trading within a critical resistance zone, ranging from $63,500 to $61,460. This area coincides with several significant indicators:
- Potential Reversal Zone (PRZ)
- 21-SMA (Weekly)
- 200-SMA (Daily)
- Yearly Resistance Levels
- Upper Bound of the Ascending Channel
These factors suggest that Bitcoin could face a reversal if it struggles to break through this resistance.

Elliott Wave Analysis : A Zigzag Correction Completed?

According to Elliott Wave theory, Bitcoin appears to have completed a Zigzag correction (ABC/5-3-5). Additionally, there is evidence of Regular Divergence (RD-) between consecutive peaks, indicating a potential slowdown in upward momentum.
Market Sentiment: USDT.D% and BTC.D% Trends

USDT Dominance (USDT.D%)

Currently, USDT.D% is near its support zone, along with the lower line of the descending channel and the PRZ. An anticipated rise in USDT.D% could lead to downward pressure on Bitcoin's price.

Bitcoin Dominance (BTC.D%)

Conversely, BTC.D% is facing heavy resistance. As BTC.D% approaches this resistance zone, a downward trend in BTC.D% could exacerbate Bitcoin’s potential price decline.

Predictions : Price Targets and Corrections

Given the current analysis, I expect Bitcoin to retreat to the support zone of $60,000-$59,100 and fill the CME gaps. However, if Bitcoin can break the resistance zone of $63,500-$61,460, a bullish move towards $65,000 is plausible.

Advice: Risk Management Strategies

When trading in such volatile conditions, it is essential to implement stop-loss orders for all positions to mitigate potential losses. Ensure your positions align with market trends and analysis.

Conclusion : Navigating the Upcoming Market Dynamics

In conclusion, while the recent Fed rate cut may have sparked optimism in the cryptocurrency market, Bitcoin’s current resistance levels and market dynamics suggest that a correction is on the horizon. By carefully monitoring these indicators and employing sound risk management strategies, traders can navigate the complexities of the market effectively. Stay alert to changes in dominance and market sentiment, as they will significantly impact Bitcoin’s next move.

1. **BTC/USDT Price**:
- Current price: 67,934.14 USDT
- Price trend: The chart shows a slightly bullish movement as the price is increasing.

2. **MACD (Moving Average Convergence Divergence)**:
- MACD Value: -2.04, indicating that the MACD line is below the signal line, suggesting bearish momentum.
- DIF (MACD Line) = 14.07
- DEA (Signal Line) = 16.11
- The MACD is negative, implying caution. However, if this crosses into positive, it could signal a potential buy.

3. **Volume**:
- Volume is relatively low, which indicates that market participants are not very active. This could lead to price fluctuations without strong confirmation of the trend.

4. **Moving Averages**:
- MA(5): 12.50892
- MA(10): 14.09560
- The 5-period MA is below the 10-period MA, which also indicates a bearish sentiment.

### Trading Recommendations:

#### **Plan A: Bullish Scenario (Long Entry)**
- **Entry Point**: Wait for a bullish MACD crossover where the MACD line crosses above the signal line.
- **Target Profit (TP)**: Set your TP around 68,500 to 69,000 USDT, based on the resistance level shown in the chart.
- **Stop Loss (SL)**: Place a SL around 67,400 USDT to manage your risk in case the trend reverses.
- **Trade Duration**: 1-7 days, depending on market activity and volatility. Adjust SL to break even once in profit by 1.5-2% to minimize risks.

#### **Plan B: Bearish Scenario (Short Entry)**
- **Entry Point**: If the price breaks below 67,800 USDT and MACD remains bearish, you can open a short position.
- **Target Profit (TP)**: 67,300 to 67,000 USDT, as the chart suggests support around this area.
- **Stop Loss (SL)**: Place a SL at 68,100 USDT if the price starts to recover.
- **Trade Duration**: 1-5 days. Monitor for any signs of reversal.

#### **Plan C: Reversal Scenario**
- If a price reversal occurs, particularly near a key support or resistance level, plan to either cut your losses or scale your position.
- If you entered long but the price reverses and breaks below your SL, close the position and reassess. Similarly, for shorts, cover the position if the trend becomes bullish.

#### **Plan D: Neutral Waiting Strategy**
- If volume continues to be low, wait for a strong confirmation of the next trend direction. It’s better to hold back and avoid taking unnecessary risks in a choppy market.

### Risk Management:
- **Risk/Reward Ratio**: Maintain a minimum ratio of 1:2 or 1:3 for your trades to ensure profitable risk management.
- **Capital Allocation**: Do not allocate more than 2-5% of your total trading capital
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