Bitcoin Soars 3%! Strongly Breaks Through $87,000, Reaches Highest Level in Nearly Three Weeks!
TradingKey reports that 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) surged nearly 3%, reaching a peak of $87,640— its highest level in three weeks. After dipping below $80,000 in early March and failing twice to break through the $88,000 mark, Bitcoin is now making a third attempt.
Bitcoin price trend chart, source: TradingView.
According to Dominick John of Kronos Research, the recent rally is driven by global liquidity and growing institutional interest. He noted, "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 forecasts thatBitcoin could surpass $100,000 this week, potentially reaching $102,000. However, he cautions that if the current wedge pattern fails, Bitcoin could retrace to around $67,000.
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