Could Bitcoin Hit $90K in April? 4 Reasons Why Investors Are Bullish

Bitcoin’s price continues to climb, exceeding $85,000 and sparking interest from investors about a potential surge to $90,000 this month. This comes as global monetary stimulus, political pressure on the US Fed, and Bitcoin’s decoupling from traditional markets all contribute to the bullish sentiment. 4 key factors bolster these expectations: Firstly, China’s continued stimulus efforts, fueled by a rebound in bank loans, are attracting more investment towards Bitcoin; Secondly, the weakening US dollar creates favorable conditions for cryptocurrencies like Bitcoin; Thirdly, the EU and other countries’ responses to potential economic downturn through rate cuts and further stimulus measures have been beneficial to Bitcoin as investors seek alternative assets; Fourthly, Bitcoin’s decoupling from traditional markets continues. While Bitcoin has not yet matched gold’s performance, with gold reaching an all-time high of $3,358 on April 16, speculation that governments and central banks are increasing their gold reserves remains a factor for the future. Whether this momentum will continue or whether we see a pullback remains to be seen.