Bitcoin Soars 3%! Strongly Breaks Through $87,000, Reaches Highest Level in Nearly Three Weeks!
Bitcoin's price has surged to a nearly three-week high, driven by global liquidity and institutional signals. Analysts predict it could rise to $102,000.
On April 21, Bitcoin (BTC) jumped nearly 3%, reaching a peak of $87,640. This marks its highest point in three weeks. In early March, Bitcoin fell below $80,000. It attempted to break $88,000 twice but failed. Now, it is making a third attempt.
Bitcoin price trend chart, source: TradingView.
According to Dominick John from Kronos Research, the current surge is fueled by global liquidity and institutional interest. He stated, "The push above $87,000 is due to rising global liquidity. This is linked to the expansion of M2 money supply and renewed institutional interest. Strategy signals further increases in holdings, tightening available supply."
Cryptocurrency analyst Xanro predicts Bitcoin could exceed $100,000 this week, likely around $102,000. However, if the current wedge fails, it may drop to around $67,000.
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