🚀 Bitcoin closes April strongly: Is a new rally on the horizon?
Bitcoin ($BTC) finished April with a solid increase of 14.5%, reaching $95,400 and approaching $96,000 for the first time since February. This surge is attributed to rising institutional demand, corporate adoption, and the perception of BTC as a safe haven amid global economic uncertainty.
🔍 Market Highlights:
Record corporate accumulation: Companies like Strategy (formerly MicroStrategy) and funds like BlackRock’s IBIT added nearly 100,000 BTC in April, raising corporate reserves to 750,000 BTC.
Bullish technical pattern: BTC shows an ascending triangle, a classic bullish continuation signal, supported by an 18% increase in trading volume.
ETF flows: Bitcoin and Ethereum ETFs recorded significant net inflows, with BlackRock iShares leading with $973 million in BTC and $68 million in ETH.
🌐 Regulatory Context:
The UK introduced new regulations for the crypto sector, seeking to align its approach with that of the U.S. and strengthen consumer protection.
📈 Outlook:
Models like the "power law" project that BTC could reach $200,000 in the fourth quarter of 2025, supported by increasing institutional adoption and its role as a safe-haven asset.