#BTCRebound
On Monday, April 21, 2025, Bitcoin ($BTC ) experienced a significant increase, surpassing a price of $87,000, marking its highest level since late March.
📈 Current Bitcoin Price
As of 3:29 PM Beirut time, Bitcoin is trading at $87,300, up 2.95% from the previous day.
🔍 Factors Contributing to Price Increase
• Important Technical Break: The first trend breakout of 2025 has been confirmed, indicating a potential shift towards a new bullish trend.
• Institutional Inflows: Bitcoin exchange-traded funds have seen positive inflows, reflecting renewed interest from institutional investors.
• Political Support: The state of Texas is discussing a bill to create a strategic reserve of Bitcoin worth $500 million, boosting confidence in the currency.
• Global Economic Influences: The decline of the US dollar amid trade tensions between the US and China has made Bitcoin an attractive safe-haven option.
📊 Technical Forecast
Analyses suggest that Bitcoin may target a range between $90,000 and $92,000 if the bullish momentum continues.