$BTC

Bitcoin (BTC) Market Snapshot – April 21, 2025

Current Metrics

Price: $87,400–$87,500

24H Performance: +3.28% (USD), +3.49% (INR ₹75,07,917.70)

Market Cap: $1.74T | Supply: 19.85M BTC

ATH: ~$109,356 (Jan 2025) — BTC is 19.7% below

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What’s Fueling the Rebound?

1. Technical Breakout

Broke out of $83K–$86K range, reclaiming the 30-day EMA

Golden cross (50D > 200D) at $85K on April 15

Targets: $90K–$92K, with minimal resistance below $90K

2. Macro Tailwinds

USD Weakness: DXY at 98.182 as Fed Chair Powell’s position comes under political threat

Safe-Haven Shift: BTC tracks gold’s surge to $3,385/oz, boosting hedge demand

3. Strengthening Network & Sentiment

Active addresses up 10% in a week

Hashrate hits record 400 EH/s

Social mentions up 51K; 48.4% sentiment bullish

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Key Levels & Indicators

Resistance: $88,804 (200D SMA), $94,000 (0.618 Fib)

RSI: 68 (near overbought) | MACD: Bullish crossover

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Risks to Watch

Thin liquidity may cause volatility

Profit-taking expected near $90K

U.S.-China trade war escalation could impact macro sentiment

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Institutional Flow

Bitcoin ETFs posted $15M net inflow, signaling cautious optimism

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Outlook: Bitcoin’s structure remains bullish above $85K, with a likely push toward $90K–$92K. Continued alignment with gold and renewed network activity support the case for further upside.