Bitcoin finds colors by exceeding $ 87,000, marking its strongest progression since the end of March. This increase intervenes in an uncertain economic context, where gold and BTC align themselves as refuge values in the face of a weakened dollar. Is a bullish break up?
In short
- Bitcoin crossed $ 87,000 on April 21, reaching its highest level since the end of March.
- Bitcoin bounces 16 % since its annual hollow under $ 75,000 on April 9.
- The rise in bitcoin is accompanied by a decorrelation of traditional markets like the Nasdaq.
- Bitcoin follows a trend similar to that of gold, carried by a weakening of the dollar.
- Bitcoin has confirmed a bullish break by transforming its old resistance into a support.
Bitcoin crosses $ 87,000: to a new bullish cycle?
Bitcoin seems to come out of a long phase of consolidation. This April 21, he crossed the $ 87,400, his highest level since March 28, according to TradingView. This increase marks a rebound of more than $ 3,000 in just 24 hours, after touching a hollow at 84,000 dollars the day before. From its low point of 2025, recorded on April 9 under the $ 75,000, the BTC recovered 16 % of its value.
The gap with its historic summit is now reduced to 20 %, signaling a renewed optimism on the markets. Scott Melker, analyst known as “The Wolf of All Streets”, said that ” Bitcoin is breaking up “, Even though the future of Nasdaq retreat by 1 %. A strong decorrelation signal.
BTC and gold, more than ever close
This rally is part of a tense macroeconomic context. According to the Kobeissi Letter, Bitcoin and Gold send the same message: the weakness of the US dollar feeds uncertainty. Gold has just reached its 55th record in one year, while the BTC is starting a similar upward dynamic. The dollar index (DXY) has dropped by 10 % since January 2025, due to increasing trade tensions. This decline benefits assets considered as refuge values.
On the side of Rekt Capital, he noted that Bitcoin has not only shattered its downward trend, but has also successfully reteited this area as a support – a first since the formation of this trend. While some anticipated a fall at $ 83,000 during the Easter weekend, the BTC has foiled forecasts. The trend now seems upward.
With a return above 87,000 dollars, Bitcoin confirms an upward dynamic supported by a favorable macroeconomic context. The fall of the dollar and the performance of gold reinforce its status of refuge value. The next few days will be decisive to validate this technical break and aim for new heights.
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