#BTCRebound

Bitcoin Climbs Above $87K Amid Bullish Momentum

On Sunday night, April 20, 2025, Bitcoin (BTC) surged to around $87,248, marking a 2.4% gain from earlier lows near $83,800.

Key Drivers:

- Institutional Inflows: BlackRock’s IBIT ETF reported $45.5 million in daily inflows, signaling strong institutional interest.

- Whale Accumulation: Over 14,000 BTC were withdrawn from exchanges, tightening supply and pushing prices higher.

- Bullish Technicals: Patterns like ascending triangles and a neutral RSI point to potential for continued gains.

- Regulatory Resilience: Despite legal pressure on platforms like Coinbase, Bitcoin remains strong, reflecting long-term confidence.

Outlook:

If Bitcoin holds above $86,000, analysts see potential for a move toward $88,000 or higher.