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- 🧑🚀 BTC over $88k, but still under 120 SMA
🧑🚀 BTC over $88k, but still under 120 SMA
Is Bitcoin recovering? This new run seems promising, but we're still under the 120 SMA line. Let's look at the market update.
Bruno S
April 22, 2025
📈 Market update
120 SMA
Are we crossing the 120 SMA?
Our shorts have been printing profits while Bitcoin remains below the 120 SMA — a key resistance level that’s held us in check for weeks. This simple moving average has acted like a ceiling, capping each rally and keeping bears in control. But that might be changing — fast.
Price action is tightening, and momentum is building. If Bitcoin can decisively break above the 120 SMA, we could see a major trend reversal — with a potential surge that takes us all the way to $100K and into uncharted all-time highs. That breakout could trigger a wave of sidelined capital, institutional buying, and FOMO-driven retail interest.
Even more bullish? Bitcoin is holding strong while traditional markets are in decline. With equities bleeding and uncertainty in the macro environment, BTC is starting to look like a real safe haven — a digital alternative to gold in a time of global instability.
If this crossover happens, it could mark the beginning of the next major crypto bull run. Buckle up.
👀 Projects we’re keeping an eye on
“The intelligence layer for narrative-driven markets“
Pre-launch | Signup for the waitlist
“The fastest trading platform on chain – Built for speed. Designed for edge. Made for traders.”
Pre-launch | Signup for the waitlist
📰 What are the latest?
Bitcoin nears $88,000 amid market sell-off - U.S. stock indexes and the dollar fell sharply after a long weekend as President Trump renewed attacks on Fed Chair Jerome Powell.
Strategy’s Bitcoin Buying Spree Has Minimal Impact on Prices - TD Cowen analysts evaluated the Strategy’s treasury activity against bitcoin trading volume and price action over the past six months.
USDC closes in on $61 billion as institutional demand outpaces USDT growth - USDC’s accelerated growth appears increasingly tied to its regulatory clarity and institutional appeal, particularly as Circle advances plans for a potential IPO.
GSR Anchors $100M Investment in Upexi to Purchase SOL, Stock Rockets 700% - Upexi will use the capital to build a treasury model centered on solana staking, with GSR leading the private placement.
🧃 In other news
Mode releases new article “Mode 2025: Full Stack DeFAI”
Peapods Finance is now live on Berachain
Hyperlend releases a new mobile version
Infrared Finance teases “big week ahead”
Kinetiq, Hyperliquid staking protocol, announces “Kinetiq Earn” with Veda Labs
Closing notes
Revolv Labs is on a run. $10M raise from a few great VC funds and over $400M in TLV.
Seed Round: Resolved
Proudly announcing—$10M raised, co-led by @cyberFund_ & @Maven11Capital.
Backed by @cbventures, @Arrington_Cap, @GumiCryptos, @robotventures, @AnimocaVentures, @kpk_io, @EtherFi, @nolimithodl, @flowdesk_co and SCB Limited.
Angels and early supporters
— Resolv Labs (@ResolvLabs)
2:30 PM • Apr 16, 2025
🙏 Thank you for reading
That's all we have for this week, but rest assured, we will return next Tuesday with more updates and insights.
In the meantime, stay positive and stay in the market!
— Bruno
👋