#bitcoin
đ Bitcoin($BTC ) Rallies Again â But Faces a Key Resistance Ahead
Bitcoin has once more crossed the $90,000 threshold as investor interest picks up amid growing economic uncertainty. Analysts highlight both opportunities and challenges in BTCâs current momentum.
đ Key Drivers Behind the Surge:
Economic Gloom Fuels Demand for Alternatives
The IMFâs April 2025 report revised U.S. growth projections down to 1.8% (from 2.7%) and raised inflation expectations to 3% (from 1.9%), prompting a shift toward non-traditional assets.
Investor Sentiment Turns Defensive
With rising concerns over global slowdown and inflation, assets like Bitcoin and gold are gaining favor as perceived safe havens.
Geopolitical & Policy Tensions Add Fuel
Patrick Liou (VP, Institutional Sales at Gemini) noted investor rotation toward Bitcoin, driven by:
Trumpâs intensified rhetoric against the Fed
Ongoing tariff uncertainty post-"Liberation Day"
Weaker Dollar, Stronger Gold = Risk-Off Signals
Market behavior reflects a move away from riskier equities and toward store-of-value assets.
đ§ Analyst Perspectives:
Bitcoinâs Market Behavior is Evolving
âWeâre seeing a clear decoupling from traditional markets,â says Compass Pointâs Ed Engel.
BTCâs correlation with the S&P 500 is down to 0.65, compared to near-1.0 during past macro sell-offs.
Resistance Ahead
âMomentum is strong, but volumes are light,â Engel cautions.
BTC may struggle to break the $93,000 resistance level without a major catalyst (e.g., Fed policy shift, tariff resolution).
Long-Term Bullish Indicators
Institutional buying is rising
Strategy-based accumulation continues
Liquidity is tightening, adding to price resilience