Bitcoin has been surprising traders yet again, even though the S&P 500 fell 5.7% in April, Bitcoin rose above $85,000, recovering 14% from its trade war crash to $74,400. As traditional assets and global markets fall, the idea that Bitcoin could become less tied to stocks is becoming more popular and of attention. Four strong factors are coming together in April that could push Bitcoin prices above $90,000.
Global Monetary Stimulus Is In
As concerns about a possible global slowdown grow, central banks worldwide are increasing the use of money to help the economy. “China” surprisingly rose in new bank loans in March, going over $500 billion—20 percent more than expected. At the same time, the European Central Bank cut interest rates for the seventh time in a year, making it more affordable to borrow money than at any time since 2022.
US Dollar Weakening Fast
The US Dollar Index is now at its lowest point in three years. Higher global currencies and political pressure at home are causing this slide. President Trump has criticized Fed Chair Jerome Powell, calling for rate cuts and even saying that Powell should be fired. Investors are looking for other options as people lose faith in paper money.
Bitcoin Is Decoupling from Traditional Assets
The current rise in Bitcoin is happening without the help of standard markets. Gold hit a record high of $3,358 on April 16, while stocks fell, but Bitcoin is going its own way. People think that cryptocurrencies are no longer just a risky investment because their prices have been stable and moving in unique ways.
Miner Confidence Stays High
Concerns about the halves are no longer valid. In the past month, Bitcoin’s hash rate went up by 8%, which shows that miners are still in it even though block payments have gone down. Miner holdings of about 1.8 million Bitcoin haven’t shown any signs of mass selling.
Conclusion
Bitcoin is in an excellent position for another breakout due to “accelerating global stimulus,” a “weakening dollar,” “decoupling from equities,” and “miner resilience.” Although there is still some uncertainty, it looks increasingly likely that prices will rise above $90,000 in April.
