Bitcoin is regaining strength by surpassing $87,000, marking its largest gain since the end of March

Bitcoin appears to be emerging from a long consolidation phase. On April 21, it crossed $87400, its highest level since March 28

Bitcoin price rose above the $87,000 resistance level on Friday morning. This move marks a significant recovery for BTC, which had hit a low of $84,000 the day before.

Bitcoin breached $87,400

Bitcoin is showing strength again as it breaches the key resistance at $87,400. This move marks the highest price point since March 28, signaling a strong rebound for BTC in the past 24 hours.

According to TradingView data, Bitcoin price has recovered over $3,000 in the morning hours of April 21. Since hitting a low of 75k on April 9, 2025, BTC has now gained 16% of its value.

The gap with the all-time high is now reduced to 20%, signaling renewed optimism in the markets.

As Nasdaq futures slid 1% in the morning hours, analyst Scott Melker, known as “The Wolf Of All Streets,” highlighted that “Bitcoin is breaking upwards.” A strong signal of decoupling.

BTC and Gold rally as Dollar weakness fuels uncertainty— Kobeissi Letter

This rally comes amid a tense macroeconomic context. According to the Kobeissi Letter, bitcoin and gold send the same message: the weakness of the US dollar fuels uncertainty.

Gold has just reached its 55th record high in one year, while BTC is beginning a similar bullish momentum. The dollar index (DXY) has dropped 10% since January 2025, due to increasing trade tensions. This decline benefits assets considered as safe havens.

On the Rekt Capital side, it was noted that bitcoin not only broke its downward trend but also successfully retested this zone as support—a first since the formation of this trend.

While some anticipated a drop to $83,000 over the Easter weekend, BTC defied expectations. The trend now appears bullish.