🔥 4 Reasons Why Bitcoin Could Surge to $90K in April: 🎉
Highlights:
Economic stimulus measures in China and Europe are drawing more investor interest toward Bitcoin.
Political pressure is mounting on the US Federal Reserve to ease interest rates as the US dollar weakens.
Bitcoin's divergence from traditional asset classes is gaining momentum.
Bitcoin (BTC) traders are somewhat surprised by its climb to $85,000, particularly as the S&P 500 has declined 5.7% this month. The cryptocurrency’s 14% recovery from its trade-war-driven low of $74,400 has sparked cautious optimism. A combination of market trends and macroeconomic developments suggests the potential for BTC to break past $90,000.
Various indicators support the idea of a “decoupling,” where Bitcoin's price behavior is becoming independent of conventional financial markets. Still, some doubt remains, especially as Bitcoin hasn’t kept pace with gold. Gold surged to a record $3,358 on April 16, prompting speculation that central banks and governments are ramping up their gold holdings.
Global Stimulus Expands as US Economy Falters
In response to looming recession risks, central banks around the world are increasing monetary support. Although the US Federal Reserve has so far refrained from slashing rates or growing its balance sheet, other countries have already begun implementing stimulus policies. This divergence adds strain to the US economy, which is beginning to display early signs of fragility.
