Bitcoin Hits $87K, Marking Strongest Rally Since March
- Bitcoin has shown a 2.54% gain in the past 24 hours and is now trading at $87k.
- As per the market experts, the full-blooded global trade war is one of the prominent reasons driving this push.
- Some other reasons impacting Bitcoin’s path are the increasing role of institutions and financial products such as ETFs.
Bitcoin strongly rebounded on April 21, surpassing the $87k mark from its 2025 low of $75,000, which was recorded on April 9. According to CoinMarketCap data, the current price of Bitcoin is the highest since March 28.
On April 20, BTC hit its intraday low of $84,000 and has gained over $3,000 or 2.54% in the past 24 hours. However, witnessing a gain of 2.54% is not new for Bitcoin, but surpassing the $87k mark is something that has once again gained attention from many investors.
The asset has also shown an increase of 4.20% and 3.86% in the past seven days and past month, respectively. The volume of the token in the past 24 hours has also shown an increase of around 66%.
The technical analysis of the market shows if the bullish sentiments continue to propel in coming sessions Bitcoin is to test the nearest resistance of $91,745 followed by the 2nd nearest resistance of $96,086. On the other hand, if the trend is reversed then, it could fall to the first support level at $77,692 and second support level at $73,351.
Experts Outlook On The Surge
As per the market experts, the full-blooded global trade war is one of the prominent reasons driving this push. This trade war could potentially impact the private consumption of the U.S., which accounts for around 60% of GDP, and may push the price even higher. The experts also argue that stagflation and a US recession will have an influence on cryptocurrencies, and mainly Bitcoin. Some other reasons impacting Bitcoin’s path are the increasing role of institutions and financial products such as ETFs.
The co-founder of Strategy, Michael Saylor, has recently stated that “Bitcoin has no counterparty risk. And, this is the essence of what makes $BTC truly revolutionary.” As per Saylor, Bitcoin is not only a digital currency, but it is a movement that has reshaped how everyone looks at value, ownership, and freedom.
Vugar Usi Zade, the COO at Bitget, reveals that the recent institutional demand could skyrocket BTC over $90k and even higher. He further mentioned that the time for the price reaction is not fixed and it depends on broader market movements.
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BTC Eyes $100K Amid Trade War Deescalation and Trump’s Special Dinner Announcement: Your Weekly Recap
Bitcoin Hits $87K, Marking Strongest Rally Since March
- Bitcoin has shown a 2.54% gain in the past 24 hours and is now trading at $87k.
- As per the market experts, the full-blooded global trade war is one of the prominent reasons driving this push.
- Some other reasons impacting Bitcoin’s path are the increasing role of institutions and financial products such as ETFs.
Bitcoin strongly rebounded on April 21, surpassing the $87k mark from its 2025 low of $75,000, which was recorded on April 9. According to CoinMarketCap data, the current price of Bitcoin is the highest since March 28.
On April 20, BTC hit its intraday low of $84,000 and has gained over $3,000 or 2.54% in the past 24 hours. However, witnessing a gain of 2.54% is not new for Bitcoin, but surpassing the $87k mark is something that has once again gained attention from many investors.
The asset has also shown an increase of 4.20% and 3.86% in the past seven days and past month, respectively. The volume of the token in the past 24 hours has also shown an increase of around 66%.
The technical analysis of the market shows if the bullish sentiments continue to propel in coming sessions Bitcoin is to test the nearest resistance of $91,745 followed by the 2nd nearest resistance of $96,086. On the other hand, if the trend is reversed then, it could fall to the first support level at $77,692 and second support level at $73,351.
Experts Outlook On The Surge
As per the market experts, the full-blooded global trade war is one of the prominent reasons driving this push. This trade war could potentially impact the private consumption of the U.S., which accounts for around 60% of GDP, and may push the price even higher. The experts also argue that stagflation and a US recession will have an influence on cryptocurrencies, and mainly Bitcoin. Some other reasons impacting Bitcoin’s path are the increasing role of institutions and financial products such as ETFs.
The co-founder of Strategy, Michael Saylor, has recently stated that “Bitcoin has no counterparty risk. And, this is the essence of what makes $BTC truly revolutionary.” As per Saylor, Bitcoin is not only a digital currency, but it is a movement that has reshaped how everyone looks at value, ownership, and freedom.
Vugar Usi Zade, the COO at Bitget, reveals that the recent institutional demand could skyrocket BTC over $90k and even higher. He further mentioned that the time for the price reaction is not fixed and it depends on broader market movements.
Read More