#BTCRebound

Bitcoin (BTC) Surges Past $87K: What’s Fueling the Rebound?

As of April 21, 2025, Bitcoin has jumped above $87,000, rebounding strongly from recent lows. Key drivers include a weakening U.S. dollar—linked to President Trump’s push to remove Fed Chair Powell—and rising demand for safe-haven assets. The dollar index dropped to 98.182, while gold hit a record $3,385/oz, suggesting investors are turning to BTC as a hedge.

Technically, BTC broke out of a tight range ($83K–$86K), reclaiming its 30-day EMA. It now eyes $90K–$92K, with resistance at $88,804 (200-day SMA). A close above $88.8K could open the path to $94K.

Institutional sentiment remains mixed: Bitcoin ETFs saw modest $15M inflows—cautious but a shift from outflows. Derivatives data shows declining open interest, but positive funding rates hint at growing bullish bias.

Long-term holders are accumulating again, often a precursor to major rallies. However, risks remain—particularly if BTC drops below $85K or if political and global tensions escalate.

BTC’s decoupling from equities and alignment with gold hint at its evolving role as a digital safe haven.