What we will talk about today...

Bitcoin Follows Gold’s Surge as Dollar Hits 3-Year Low

Bitcoin is tracking gold’s breakout as the US dollar slides and Fed uncertainty rises. BTC nears $88K but must reclaim $91K to confirm a bullish reversal.

• Main Points:

  • BTC nears $88K, hitting 3-week high on trade war tension.

  • Gold breaks all-time highs, BTC mirrors strength for once.

  • US dollar drops sharply, DXY hits lowest since March 2022.

  • Fed speakers line up, markets await policy clues.

  • New BTC holders profitable, but $91K key for trend reversal.

• Detailed Insights:

  • BTC up 3%, fueled by weekend macro volatility and gold surge.

  • Skepticism remains, traders warn of low volume, weekend moves.

  • Fed commentary incoming, 8 officials expected to speak this week.

  • Trump vs. Powell intensifies, rate cut outlook pushed to June.

  • Gold up 30% YTD, near $3,400 amid inflation and trade concerns.

  • BTC mimics gold’s trend, diverging from stocks for once.

  • DXY drops 1.3%, nearing a key breakdown after 14-year run.

  • Dollar drop seen as bullish, may trigger BTC/commodity supercycle.

  • New buyers in profit, short-term holders average +3.7% returns.

  • $91K remains resistance, needed to confirm trend shift.

Related: Is Bitcoin Headed for $50K—or Gearing Up for $100K?

WHAT WE RECOMMEND😉

To have an Invested Mind, we need Entertainment. Here are some Entertaining, Exciting, and Useful sites for You

Just Clicking The Subscribe Button Helps Us Continue
For Free Forever

XRP Eyes 70% Surge as CFTC-Regulated Futures Launch Nears

XRP is showing bullish signs amid falling wedge and Wyckoff patterns. Analysts see potential for a 70% rally ahead of Coinbase’s CFTC-regulated futures launch on April 21.

• Main Points:

  • XRP holds above support despite 40% pullback from recent highs.

  • Coinbase to launch XRP futures, boosting institutional access.

  • Wyckoff pattern suggests breakout, signaling Phase D progression.

  • Falling wedge supports rally, with potential upside near $4.00.

  • Analysts eye $3.55 short-term, with $5.65–$10+ as optimistic targets.

• Detailed Insights:

  • XRP dropped 40%, but maintains structure for bullish continuation.

  • Futures listing on April 21, approved under CFTC oversight.

  • Wyckoff reaccumulation forming, with “Spring” and “Test” completed.

  • Jump Across The Creek (JATC) could confirm Phase D breakout.

  • Target: $3.55 in weeks, aligning with LPS from Wyckoff pattern.

  • Fibonacci shows $5.65 target, if breakout extends into June.

  • Falling wedge since Feb, with breakout zone at $2.20–$2.40.

  • $4.00 projected if wedge breaks, validating both patterns.

  • Bitcoin forming similar wedge, BTC rally could lift altcoins.

Related: El Salvador’s Bitcoin Bet Fizzles Out

Bitcoin Breaks Out, Hits $87K as Gold Correlation Grows

Bitcoin climbs past $87K, breaking out of consolidation and echoing gold’s rally. The move signals potential macro decoupling as analysts shift bullish.

• Main Points:

  • BTC hits $87.4K, highest since March 28.

  • Up 16% since April low, recovering from $75K bottom.

  • Breaks consolidation, retests trendline as support.

  • Gold-Bitcoin narrative strengthens, both rising on dollar weakness.

  • DXY down 10% YTD, US dollar signals rising uncertainty.

• Detailed Insights:

  • BTC gains $3K in a day, now near top of March-April range.

  • 2.4% daily jump breaks structure, hints bullish continuation.

  • Scott Melker confirms breakout, despite Nasdaq futures falling.

  • Kobeissi: BTC, gold aligned, both responding to dollar weakness.

  • DXY hits 2022 lows, global trade tension fuels greenback drop.

  • Geiger: BTC decoupling, ignoring tech and USD decline.

  • Analysts expected $83K, BTC instead retested trend as support.

  • Rekt Capital notes trend shift, first successful retest since downtrend started.

CAN YOU PREDICT THE PRICE?

HOW DID WE DO? 🤷

Stay Tuned For More Twists and Turns in
🚀The Crypto World & Happy Investing🚀

This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results