Bitcoin's Breakout Signals BTC Potentially Rallying to $90K-$92K: Technical Analysis
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

Keep up with what's happening in the crypto world in real-time.
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.
As quantum machines emerge, blockchain networks must adapt or risk becoming obsolete. That's where Cardano is stepping up.
Bitcoin jumped over 3% Monday to surpass $87,600 as Trump's renewed push to remove Fed Chair Powell shook confidence in the dollar and reignited market fears. The post Bitcoin Pushes Above $87K as Trump's Anti-Powell Messaging Shakes Confidence in Dollar appeared first on Cryptonews.
Several top crypto news stories are in the lineup this week in crypto, spanning various ecosystems with the potential to drive volatility.
Vitalik Buterin has proposed a long-term overhaul to Ethereum's execution environment to replace the Ethereum Virtual Machine with RISC-V, a standardized and extensible instruction set architecture.
Circle, the firm behind the $60 billion USDC stablecoin, is launching a new payments and cross border remittance network on Tuesday — the company's “next product move” — from its plush New York City headquarters, high on the 87th Floor of One World Trade Center.
The crypto market is bullish today, April 21, as Bitcoin's surge to a three-week high fueled optimism around altcoins such as Ripple (XRP). Analysts are optimistic that the XRP price might be on the verge of a massive rally due to a bullish formation on the Wyckoff pattern, and it may spearhead the next altcoin
Bybit's CEO Ben Zhou shared new details in an April 21 post on X about the digital asset theft linked to North Korea's Lazarus Group that hit the platform in February.
Bitcoin exchange-traded funds (ETFs) recorded a modest net inflow of $15 million last week, marking a significant turnaround from the previous week's sharp outflows exceeding $713 million.
Two months after the biggest crypto hack in history, a fresh update from Bybit CEO Ben Zhou has brought a ray of hope. Out of the $1.4 billion in stolen ETH, 68.57% of the funds remain traceable, while 3.84% have been frozen. However, 27.59% have gone dark—likely laundered through mixers and bridges.
Ripple and $XRP have recently made waves in the crypto sector. Now, Hashkey Capital, a crypto investment firm based in Hong Kong, has joined the party.
Ethereum Foundation's new co-executive director Tomasz K. Stańczak says Buterin's proposals are meant to spark discussions and invite scrutiny regarding the network's future goals and breakthroughs.
Untraceable funds flowed into mixers then through bridges to P2P and OTC platforms, Bybit CEO Ben Zhou said.
Surging gold prices and bitcoin's (BTC) relatively strong price action amid a global market sell-off have some traders revisiting the latter's role as “digital gold” — a big narrative in bitcoin's early years but one that has lost steam in recent times.
As Bitcoin price recorded a notable surge today, crossing the brief $87K mark, renowned author Robert Kiyosaki has set a robust target for 2025. In a recent X post, the Rich Dad Poor Dad author shared an optimistic outlook, suggesting a breakout ahead for the flagship crypto.
As the US dollar continues to depreciate, store-of-value assets such as Bitcoin and gold become more attractive to investors.
Barter operates as a solver across intent-based DEXs and aggregators such as CoWSwap, Uniswap, ParaSwap (Velora), and Delta. It helps optimize trade execution by improving pricing and reducing costs behind the scenes.
Spot Bitcoin ETFs in the United States saw modest weekly inflows as Bitcoin rallied past $85k, driven by expectations of a softer Fed stance on rate cuts amid President Trump's push to replace the Federal Reserve chair.
According to a recent analysis by Binance Research, the upcoming Ethereum upgrades, Pectra and Fusaka, could redefine the network's capabilities in terms of scalability and crypto payments.
A crypto strategist who continues to grow a following with timely Bitcoin calls believes that BTC's bull market is far from over despite the prevailing bearish sentiment.
Canadian Bitcoin mining company HIVE Digital has completed its flagship facility in Paraguay, aiming to reach 25 EH/s by fall 2025.
Is ETH's true value waiting to awaken from its slumber?
Bitcoin surged past $85K but faced resistance, with traders watching key levels to see if it will break out or pull back. Ethereum remains stable, awaiting the upcoming ETF decision, which could spark a rally. XRP continues to trade within a corrective phase, showing limited upside movement after a prolonged decline since January.