Bitcoin has reclaimed bullish momentum heading into the week of April 21–27, 2025, trading between $83,000 and $90,000.
The recent breakout above $87,000 signals a trend reversal, supported by a rise in spot ETF inflows and a slowdown in miner selling following the halving.
Strong volume and technical confirmation from a descending wedge breakout suggest a potential test of the $90,000 resistance, with macro factors like a weakening dollar and rising gold correlation reinforcing BTC’s appeal as a hedge.
Ethereum, by contrast, remains range-bound between $1,520 and $1,700, showing relative weakness against Bitcoin.
Limited Layer 2 activity and a depressed ETH/BTC ratio have capped upside momentum.
Technical indicators remain neutral, with a clear breakout above $1,700 needed to shift sentiment.
While long-term fundamentals such as staking and network upgrades remain constructive, near-term price action is likely to stay muted without a fresh catalyst.
Ryan Lee, Chief Analyst at Bitget Research
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