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The Bitcoin price edged up over 1% in the last 24 hours to trade at $88,551 as of 4:40 a.m. EST, with trading volume soaring 52% to $36.8 billion.
The BTC price climbed over $88k on Monday for the first time since the beginning of April after a prolonged consolidation. However, the king of crypto is still down 6% since the beginning of the year, which was fueled by recent economic uncertainties in the US.
In 2025, the Bitcoin price has been decoupling from Gold, which has risen to a new ATH above $3,470, despite a 9% plunge in the US Dollar Index (DXY).
$BTC is decoupling from stocks, rallying alongside gold.
Is the "digital gold" narrative finally prevailing during shaky economic times? pic.twitter.com/fx2VgJnsr3
— Miles Deutscher (@milesdeutscher) April 22, 2025
As a falling DXY triggered moderate gains for BTC in the past, can the Bitcoin price still recover?
Bitcoin Price Set For A Bullish Trend Continuation
The BTC price on the daily chart shows signs of recovery after a textbook rounded top formation that led to a correction from all-time highs.
The Bitcoin price found strong support around the $76,000–$78,000 range, which has held firm multiple times, indicating a solid demand zone, according to data from GeckoTerminal.
Following this, the price of BTC has broken out of a downward trendline, retesting the breakout zone and pushing above both the 50-day and 200-day Simple Moving Averages (SMAs), suggesting a shift back to bullish momentum.
Technical indicators support this view. The Relative Strength Index (RSI) currently stands at 59.63, leaning toward bullish territory but not yet overbought, allowing room for further upside.
Moreover, the Moving Average Convergence Divergence (MACD) lines have crossed bullishly above the signal line, confirming growing upward momentum. Both SMAs have turned into dynamic support levels, with the price of Bitcoin now trading just above both, reinforcing the bullish setup.
Is $99K Next For BTC?
If BTC maintains this breakout and holds above the key moving averages, the next leg up could target the previous highs near $99,500, representing a potential 12% gain.
Alternatively, a pullback to the $78,000 support zone might precede a stronger rebound to that level.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL) for potential Bitcoin airdrops. 99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL could soar 10X after launch.
BTC Bull Token Races Towards The $5 Million Mark
In one of the strongest presale showings of the year, the new meme coin BTC Bull Token just rocketed past the $4.89 million raised in its ongoing token presale.
BTC Bull Token introduces a unique approach: it rewards holders with Bitcoin airdrops whenever BTC hits significant price milestones for the first time.
As Bitcoin marches toward the $1 million target, BTC BULL Token holders will get rewarded along the way.
Investors who hold BTCBULL in Best Wallet will receive free BTC airdrops when the Bitcoin price hits $150k and $200k for the first time.
There will also be a massive BTCBULL airdrop for the strongest hodlers when BTC hits $250,000, weighted by ”Community Sale purchase amount.”
In addition to BTC airdrops, the team will carry out token burns as well, permanently removing a portion of the total supply. The aim is to follow Bitcoin’s footsteps and increase scarcity and value.
BTCBULL token holders can also earn passively by staking their tokens for an 84% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official BTC Bull Token website to buy BTCBULL for $0.002475 each using BNB, ETH, USDT, or a bank card.
Buy BTCBULL before a price hike in about 2 days to secure the best deal.
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Best Wallet - Diversify Your Crypto Portfolio
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