Bitcoin Holds Firm Above $90K as Dollar Weakness Boosts Safe-Haven Appeal
25.04.2025 07:47
Bitcoin continues to trade strongly above the $90K level, bolstered by persistent U.S. dollar weakness and a growing appeal as a safe-haven asset. Investors are attracted to BTC due to its fixed supply and historical resilience, especially amid volatile economic indicators and geopolitical tensions. The technical analysis highlights a firm support zone at $90K, with immediate resistance in the $94,500–$95K range. A decisive break above these levels could pave the way toward testing the $98,500 and eventually the $100K mark, potentially drawing both retail and institutional momentum. Simultaneously, Ethereum is consolidating around the $1,770 level, forming a bullish ascending triangle with resistance at $1,820. This consolidation pattern suggests that ETH may be preparing for a breakout toward the $1,920–$1,950 range if support holds, while a breakdown could reverse gains and push prices back toward the lower demand zone. Both assets are being watched closely by market participants amid a shift towards risk-averse strategies.
The news reinforces BTC's position as a safe-haven asset amid a weak U.S. dollar, suggesting strong short-term momentum. With robust technical indicators such as an established support at $90K, upward sloping moving averages, and declining exchange balances, BTC is likely to attract further buying interest. A breakout above immediate resistance could propel prices upward toward key psychological levels, although a dip below support might trigger a temporary retracement.
Ethereum's consolidation around $1,770 coupled with the formation of a bullish ascending triangle indicates potential for a breakout. Maintaining support above $1,740 is crucial; a successful move past the $1,820 resistance could drive ETH toward the $1,920–$1,950 region. However, any failure to hold support might reverse gains, making ETH's short-term outlook cautiously optimistic.
Top Today
today / 04:35
Trump-Linked WLF Partners With Pakistan Crypto Council to Boost Blockchain and DeFi Ambitions
WLF's new collaboration with the Pakistan Crypto Council is set to stimulate regulatory and technological growth in Pakistan's crypto sector.
today / 02:24
Ethereum Eyes $2,580 as Leadership Dialogue Spurs Bullish Momentum
Vitalik Buterin’s and Charles Hoskinson’s exchange drives renewed bullish sentiment for Ethereum’s near-term rally.
yesterday / 22:03
Bitget Initiates Legal Action Over $20M VOXEL Manipulation Incident
Eight accounts face legal scrutiny over VOXEL trade manipulation, prompting calls for better risk control and regulatory oversight.