#TrumpVsPowell
Today's btc analysis
As of April 22, 2025, Bitcoin (BTC) is trading at approximately $88,203 USD, reflecting a modest increase of about 0.79% over the past 24 hours.
Bitcoin (BTC)
$88,203.00
+$973.00
(+1.12%)
Bitcoin has recently broken above the $88,000 level, indicating bullish momentum. Analysts suggest that if BTC surpasses the $88,800 resistance, it could target $89,500 and potentially $90,500.
However, some caution is advised as the Relative Strength Index (RSI) indicates overbought conditions, which might lead to short-term pullbacks.
Looking ahead, if Bitcoin maintains its upward trajectory, it may aim for the $90,000–$92,000 range, a zone that previously acted as strong support.
Long-term projections remain optimistic, with some analysts forecasting BTC could reach new all-time highs by mid-2025, potentially exceeding $116,000.
In summary, Bitcoin's current trend is bullish, but traders should monitor key resistance levels and market indicators for potential shifts.
Trump vs Powell crypto trade news
President Donald Trump's escalating conflict with Federal Reserve Chair Jerome Powell is significantly impacting financial markets, particularly cryptocurrencies.
🔥 Trump vs. Powell: Market Turmoil
On April 21, 2025, President Trump publicly criticized Powell on social media, labeling him a "major loser" for delaying interest rate cuts. This intensified their ongoing feud and led to widespread declines across U.S. asset classes, with the S&P 500, Dow Jones, and Nasdaq all plunging around 2.5%-2.7% . Bond prices also fell amid concerns about U.S. economic instability and foreign sell-offs. The U.S. Dollar Index hit a three-year low, prompting gains in alternative safe-haven assets like gold and Bitcoin. Analysts warned that Trump's politicization of monetary policy and threats to Fed independence could damage investor sentiment and further destabilize markets.
