#BTCRebound

On Monday, April 21, 2025, Bitcoin (BTC) saw a notable increase, surpassing $87,000, marking its highest level since late March.

📈 Current Bitcoin Price

As of 3:29 PM Beirut time, Bitcoin is trading at $87,300, up 2.95% from the previous day.

🔍 Factors Influencing Price Increase

• Important Technical Break: The first bullish trend breakout of 2025 has been confirmed, indicating a potential shift toward a new upward trend .

• Institutional Flows: Bitcoin exchange-traded funds have experienced positive inflows, reflecting renewed interest from institutional investors .

• Political Support: The state of Texas is discussing a bill to create a strategic reserve of Bitcoin worth $500 million, boosting confidence in the currency. 

• Global Economic Influences: The US dollar has weakened amid trade tensions between the US and China, making Bitcoin an attractive option as a safe haven.

📊 Technical Forecast

Analyses suggest that Bitcoin may target a range between $90,000 and $92,000 if the upward momentum continues $BTC