BTC is now back on the rise, having spiked by ~21% compared to March’s lows and edging close to $103K.

The OG coin has what it takes to surge past its $109K ATH touched in January and hit $150K this year.

The cryptocurrency market continues to show strength, with BTC maintaining higher levels and showing signs of healthy consolidation. Its RSI is at 47.95, which suggests that Bitcoin is neither overbought nor oversold.

BTC has taken a slight nosedive since yesterday, but it’s still relatively stable, considering it’s seen triple-digit gains compared to March’s lows.

With RSI suggesting more room for ascent before considering it ‘overheated’ and BTC still on the way to new highs, its $150K target might not be a far cry away.

BTC is once again making headlines, and this time around, its rally looks stronger than ever. Several significant developments are converging to push BTC higher, and analysts predict new ATHs could be just a stone's throw away.

One of the most significant factors affecting Bitcoin right now is the temporary reduction of tariffs between the US and China. Easing trade tensions means there’s more stability in global markets, which could boost investor confidence and lead them to seek out alternative assets like BTC.

Another major factor driving BTC’s momentum is the surge in Bitcoin treasuries. MicroStrategy continues to aggressively stack up BTC with around 55M, which reinforces its role not just as a speculative asset but as a treasury reserve tool.

Meanwhile, in Asia, Metaplanet is gaining attention for its BTC-focused strategy, with the film explicitly formed to hold BTC on its balance sheet. The CEO, Adam Back, calls this ‘200T hyperbitcoinization’ – a future whereby BTC could absorb trillions of dollars from TradFi markets.

Consequently, community sentiment surrounding BTC is thriving. Sites like CoinMarketCap, X, and Reddit have seen tremendous upticks in discussions surrounding cryptos’ crown jewel over the past month.

Another critical development is the decoupling of BTC from the stock market. After spending much of last month with a stock-Bitcoin correlation above 50%, it has now fallen below 30%. This underscores BTC’s role as an independent asset class, uncorrelated to traditional equities.

Aggressive first-quarter corporate earnings, Donald Trump’s pro-crypto stance, and growing investor demand for assets that perform well during economic uncertainty are what’s spurring BTC’s demand.