Bitcoin breaks $88,000! Strong comeback, signaling that a new round of increase is about to begin!
After a brief correction at the beginning of April, Bitcoin has confidently broken through the key resistance level of $88,000 that has been in place since the end of March!
The price has surged by 17%! After rebounding from the low in 2025 (around $75,000), this means Bitcoin is moving towards new highs and has significantly narrowed the gap with previous peaks!
Global macro factors:
The US dollar is weakening, with the US dollar index (DXY) down about 10% since the beginning of the year, providing more room for Bitcoin to rise.
Gold is rising in tandem, reflecting increased uncertainty in the global economy, and Bitcoin has become part of the safe-haven assets.
Bitcoin is decoupling from traditional markets: despite a drop in Nasdaq futures, Bitcoin remains strong, showing a significant decoupling from traditional markets.
Technical analysis:
Breaking the downtrend and successfully retesting the support level further confirms the momentum and confidence in the upward trend!
This breakthrough is not just a phase breakthrough but the beginning of Bitcoin's continuous rise in a changing macroeconomic context!
What is the next target?
Do you think Bitcoin will challenge higher price levels? Will it break through $100,000, or will it start larger fluctuations? Looking forward to your thoughts! #DOGE #ADA #PEPE #XRP #sol
