Chart of the Day - Tuesday, April 22, 2025

April 22, 2025
Patrick Dunuwila

Chart of the Day


🏆  Today's Chart of the Day was shared by JC Parets (@JC_ParetsX). 
 

  • It's only Tuesday, but Bitcoin is on pace for its best week since November, bouncing +7.5% over the past two days.
     
  • JC points out that it reached a six-week high today and reclaimed $90k. At its current price of $91k, Bitcoin has recovered about half of its 30% drawdown.
     
  • $90k has been a key battleground since the election. If this breakout sticks, Crypto winter may finally be over. Bulls want to see $100k next, but the ultimate test will be all-time highs at $110k. 
     

The Takeaway: Bitcoin reclaimed a key inflection point at $90k today. If the breakout sticks, the next upside target will be all-time highs at $110k. 

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