Bitcoin experienced a significant rebound on April 21, 2025, climbing approximately 3.9% to surpass $88,400, marking its highest level since early April.
This surge is attributed to a combination of factors: a weakening U.S. dollar amid President Trump's intensified criticism of Federal Reserve Chair Jerome Powell, increased institutional investments including a notable purchase by Japan's Metaplanet and technical indicators such as the formation of a "golden cross," where the 50-day moving average crosses above the 200-day moving average, signaling potential for sustained upward momentum.
Analysts suggest that if Bitcoin maintains support above the crucial $88,000 level, it could pave the way toward retesting its all-time high of $109,000.
While the current market sentiment appears bullish, it's essential to approach with caution. The recent price movements are influenced by macroeconomic factors and political developments, which can be unpredictable. Investors should consider diversifying their portfolios and not allocate more than they can afford to lose into volatile assets like Bitcoin. Staying informed and consulting with financial advisors can help navigate the complexities of the cryptocurrency market.
