#BTCRebound

On April 21, 2025, the price of Bitcoin (BTC) is recorded at $87,404, with a market cap of $1.74 trillion and a circulating supply nearing 19.85 million units. This performance is part of a volatile trajectory experienced by the world's leading cryptocurrency, driven by intertwined technical, economic, and political factors.

Market Influencing Factors

1. Government Policies and Institutional Investment:

The first quarter of 2025 witnessed a historic rise in Bitcoin to $109,464 with Donald Trump taking office as the U.S. president, supported by positive regulatory expectations and widespread institutional adoption. However, prices later declined by 25% due to concerns over protectionist policies and rising tariffs, demonstrating Bitcoin's sensitivity to macroeconomic changes.

2. Technological Developments and Global Adoption:

Technical improvements such as the "Lightning Network" contribute to increased transaction efficiency, while countries like El Salvador and the United States promote the use of Bitcoin as a payment method, enhancing demand.

3. Technical Indicators and Wave Analysis:

According to Elliott Wave analysis, Bitcoin is undergoing a corrective wave (2) after completing the impulsive wave (1), with expectations of the price reaching $80,360 as a corrective target before resuming the upward trend. Moving averages indicate a strong buy signal, while the Relative Strength Index (RSI) shows a...