With a stunning development, the price of Bitcoin has made an amazing recovery from the recent tariff collapse. One day, the pioneer cryptocurrency increased by more than 6%, marking a sharp progress from just a $ 87k to nearly $ 94K.
Reported, appreciation for Bitcoin the previous day may have been attributed to several factors, including Paul Atkins' inauguration as the US SEC Chair, BTC ETF inflows, dollar crash, and more. In this article, we will discover possible reasons for the surprising BTC revolt and whether this positive momentum will maintain.
Bitcoin price skyrockets, $ 180k to the next target?
As the BTC experienced a well -known climb on the previous day, analysts and merchants remain optimistic about its potential trajectory. According to analysts such as cryptoelites, this sudden walk in the price of Bitcoin is an indicator of the near -bull run.
At the time of press, Bitcoin costs $ 93,511, up to 6%. In the past week and months, the BTC experienced well -known increases by 12.5% and 7.5%, respectively. The 24 -hour trading volume also jumped at a tedious $ 57.82 billion, with a 50% rally.
In relation to current emotion, Cryptoelites are expected to face Bitcoin's future Travel to a new all-time high of $ 180,000. The analyst was mentioned, “Bitcoin's journey to $ 180,000 was officially started!”
The dramatic transition of bitcoin
As market experts Ash Crypto taught, Bitcoin has made a dramatic move, closing above $ 93,000 and destroying all major levels of resistance to a candle. This bullish reversal has pushed the BTC price above key technical indicators such as daily 200-day and 50-day moving averages. The token was successfully broken from a higher pattern.
BOOOOOM !!!
Bitcoin closed above $ 93,000 and broke all major levels of resistance to a candle.$ Btc Now
– above day -day MA200 and MA50
-Create the lower high pattern
– is broken above the cloud of Ichimouku. pic.twitter.com/ybrjqigewr– Ash Crypto (@ashcryporeal) April 23, 2025
In addition, the BTC has damaged the Ichimoku Cloud, a bullish indicator of a potential resurrection. This strong price action indicates a significant transfer to market sentiment and potential for continued growth. According to Ash Crypto, BTC's next immediate target is $ 106K.
What drives the bitcoin price rally?
Despite its recent sinking following Donald Trump's tariff announcement, BTC has shown a bullish reversal. Noteworthy, many factors have contributed to recently climbing bitcoin prices. Let's break them here.
Paul Atkins support for Bitcoin & Crypto
Crypto-friendly Paul Atkins officially took the helmet to the US Securities and Exchange Commission (SEC). Atkins's explicit support for Bitcoin and Crypto has sought extensive optimism, which, in turn, has led to a major rally in BTC prices.
Bitcoin etfflow
After weeks of ongoing flow, Bitcoin ETFs have seen a major recurrence, with an institutional interest in its climax. The three -day marking of a consecutive flow, the ETF Inflows rose to $ 936.43 million yesterday. It records a massive 146% jump from $ 381.40 million past day.
Dollar crashing
As Coingape reported previously, US dollar crashing has prepared the way for Bitcoin's Bullish period. Analyst CryptoamsterDam foretold that the BTC has prepared to show the next support, that the new highs will be potentially damaged and the bullish continues to run.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of Blockchain, Web3, and Fintech spheres experience. He established himself as a knowledgeable and engaging voice in cryptocurrency and blockchain space. His experience as an assistant professor in English and literature has been further added to his search for knowledge production, well-researched, and accessible content.
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