Following a long period of fluctuations, the price of Bitcoin (BTC) is now exiting the stabilization phase and has reached its highest level since late March 2025. On April 21, Bitcoin successfully passed the $87,400 mark, its highest price since March 28. Since hitting a local price floor on April 9 (just under $75,000), this digital currency has grown by approximately 16%. This growth has reduced the current price distance from its historical ceiling by about 20%. Although a 2.4% increase in one day is not unusual for Bitcoin, this price surge has brought it to its moving channel ceiling that began in early March. Market analyst Scott Melker interprets this Bitcoin rise as a sign of ‘resistance breaking.’ The Kobeissi Letter magazine also considers the simultaneous increase in gold and Bitcoin prices as an unprecedented phenomenon in recent years. According to the magazine’s report, gold has set a new price record for the fifty-fifth time in the past 12 months, and Bitcoin has entered an upward trend. On the other hand, the US Dollar Index (DXY), which measures the dollar’s performance against six major currencies, has decreased by approximately 10% since the beginning of the current year. Reports of Donald Trump’s efforts to dismiss Jerome Powell, the Federal Reserve Chairman, have led traders to sell the dollar against other major currencies. Following this news, the Bitcoin uptrend intensified. On the real-time cryptocurrency prices page, you can view the prices of all tokens and cryptocurrencies live and instantly.
