Bitcoin(BTCUSD) is showing renewed strength after political tensions reignited interest in crypto markets. Following Fed Chair Jerome Powell’s remarks warning against early rate cuts and inflation risks from tariffs, markets dipped—until Trump recently hit back, calling for Powell’s removal and signaling a possible replacement with pro-crypto figure Kevin Warsh.
I honestly think it is very bullish for Bitcoin that it is disconnecting from general stock market movements pic.twitter.com/0otAyCXmJC
— Tetron (@TetronInvest) April 21, 2025
The shift boosted BTC, now trading above $87,600 after a 3% rise early Monday, marking a 16% rebound from its April 9 low near $75K. Analysts highlight Bitcoin’s breakout from a long-term wedge pattern, often a bullish signal. Its rise also mirrors gold’s as both hedge against a weakening U.S. dollar, which has dropped 10% this year amid growing trade concerns. With BTC just 20% below its all-time high, market sentiment is turning decisively bullish.
Key Bitcoin Levels To Watch – April 21
BTCUSD is showing bullish momentum on the daily chart after breaking above the $85,010 previous resistance level. The 9-day SMA (Simple Moving Average) at $84,810 is sloping upward, offering dynamic support.
An imminent Change of Character (CHoCH) and strong bullish candle suggest a potential push toward the $100,000 psychological level. MACD (Moving Average Convergence Divergence) also supports the bullish outlook, with both lines trending higher and green histogram bars increasing.
BTCUSD Key Levels
Resistance Levels: $88,800, $100,000, $108,400
Support Levels: $85,010, $74,420, $66,780
Bitcoin METRICS
Total Market Capitalisation: $2.77T
Bitcoin Market Capitalisation: $1.74T
Bitcoin Volume: $31.87B
Market Rank: #1
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