Bitcoin (BTC) is showing signs of strength again! On Wednesday afternoon (April 23), BTC climbed close to $95,000, gaining bullish momentum and hinting at a possible rally.
What’s Driving the Move?
The key level around $85,000, which was once a resistance point, is now acting as strong support. That’s a good sign for further upside.
Technical indicators like the Relative Strength Index (RSI) and Awesome Oscillator also suggest there’s still room for Bitcoin to grow possibly up to 20% more, taking it back toward the legendary $100K mark.
But There’s a Catch…
One thing to watch: Stablecoin activity. Right now, the printing of new stablecoins has slowed down.
Why does that matter? Because when stablecoin supply grows, it usually means fresh money is coming into the market which often fuels more crypto buying. Without that, this rally might lose steam.
Bottom Line:
Bitcoin looking strong and could push higher, but lack of new capital flow is something to keep an eye on.
Stay sharp stay update!
