#BTCRebound let's take a look....
Bitcoin Rebounds Sharply, Breaks Above $87,000
After a period of consolidation and dips earlier in April, Bitcoin (BTC) mounted a strong recovery on April 21st, 2025. The leading cryptocurrency surged past the significant $87,000 level, reaching its highest price since late March.
This upward momentum appears driven by several factors, including a weakening US dollar, which often boosts assets like Bitcoin and gold (which also hit new highs). Analysts also point to ongoing accumulation by large holders ("whales") and sustained institutional interest as supportive elements.
Technically, BTC broke through key descending resistance levels, fueling bullish sentiment. Traders are now watching if Bitcoin can hold these gains and potentially challenge resistance near $88,000-$90,000, marking a significant shift from the earlier April lows.
