Bitcoin Price Breaksout, Price Surges Past $87K: What’s Next?

Bitcoin (BTC) price crossed the $87,000 mark after a strong upward move, signalling renewed interest from buyers. The cryptocurrency gained momentum after sideways trading, pushing past key resistance levels.

This breakout occurred shortly after global M2 liquidity reached a new high. That created favorable conditions for assets like Bitcoin to attract inflows from investors.

Bitcoin Exits Consolidation Zone with Strong Upward Move

Bitcoin price has traded within a narrow channel between $84,500 and $85,700 before breaking out with substantial volume. The breakout candle moved sharply, pushing the price to $87,571, as shown in the 30-minute and 1-hour charts.

It indicated that the market saw increased buying pressure and a possible change in sentiment. The move came after a long phase of consolidation, where price action showed uncertainty and low volatility.

As the breakout occurred, Bitcoin quickly breached several resistance levels. The cryptocurrency sustained its gains and began consolidating around the $87,500 area.

Technical indicators showed a bullish structure with rising momentum. The previous resistance zone around $85,700 has become a potential support level. If Bitcoin maintains price strength above $86,000, analysts expect continued upside in the short term.

BTC Reacts to Tariff News and Dollar Weakness

Bitcoin’s price also reacted to macroeconomic developments, especially recent tariff-related news from the United States. The hourly price chart showed a drop labelled “Tariff On” and a recovery labelled “Tariff Off.” It reflected the asset’s sensitivity to geopolitical and trade policy changes.

Following the announcement of the new tariffs, investors displayed less confidence. It caused investors to sell their assets, which triggered a market dip. The market loss from changes to tariff policy disappeared rapidly, and BTC saw new price peaks upon adopting less restrictive policies.

A market reaction after the news event confirmed that Bitcoin functions as an international risk asset. This asset reacts substantially to economic reports released worldwide.

At the same time, the weakening U.S. Dollar Index supported Bitcoin’s uptrend. Charts from 10x Research showed that as the dollar fell, Bitcoin maintained strength. That created an inverse relationship between the two assets during April.

Whale Activity and Profit Realization Drive Price Shifts

Bitcoin price movements have been influenced by Whale contributions during the recent period. Long-term Bitcoin holders achieved $155 million in profits through transactions between March 24 and April 19, 2025. Earlier in April, realized losses had peaked at over $150 million during a short-term price drop.

Whales appeared to sell into the decline, but the market began to recover shortly after. As the realized profit curve turned positive, Bitcoin price followed the same trend. It suggested that other investors accumulated during the dip, supporting the bounce back.

The chart also showed an inverse relationship between whale profits and Bitcoin’s price during that time. When whales were sold at a loss, the market found support. When profits were taken, the asset continued its climb. This behaviour often signals trend reversals and changes in sentiment among large holders.

Liquidity Growth Supports Bitcoin’s Bullish Setup

Global M2 liquidity reached a record high of $108.5 trillion, creating a favourable environment for risk-on assets like cryptocurrencies. Bitcoin markets tend to track global liquidity behaviour, resulting in its current price surge above $87,000.

Higher liquidity patterns in capital markets lead to increased funding for financial assets, including digital assets.

Rising Bitcoin prices attracted institutional and retail investors who monitored potential resistance at approximately $88,000. A strong continuation of buying volume could push BTC price to $89,000 during the short term.

Observers pointed out that QE-related discussions could continue building market liquidity. Thus, it could strengthen the upward price trend.

Bitcoin price displayed support at the levels around $86,000 along with $85,700. Support zones function as potential entry positions for Bitcoin when it experiences a retreat but continues to maintain positive upward movement.

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