After a volatile few weeks, Bitcoin is back on the move—and the bulls are starting to stir.
Bitcoin surged past $93,000 this week, breaking out of the trading range it had been stuck in since early March. At the time of writing on April 22, Bitcoin was trading just over $93,500. That’s a 16% rebound from its April 9 low just under $75K.
What’s fueling the breakout? A perfect storm of bullish momentum:
 A weakening U.S. dollar — The dollar index (DXY) has dropped 10% this year, with global markets bracing for potential economic shifts.
 Dovish trade talk from Trump — Comments about easing tariffs on China have improved market sentiment, suggesting a thaw in U.S.–China tensions.
 Renewed confidence in Fed Chair Jerome Powell — Trump confirmed he won’t remove Powell, calming fears of Fed instability.
 Institutional inflows rising — U.S.-listed Bitcoin ETFs saw $12 million in daily inflows on April 22 alone, signaling sustained institutional interest.
 A $63M short squeeze — A wave of short liquidations pushed prices higher, marking the biggest squeeze so far this year.
 Improving sentiment in equities — U.S. stock markets are climbing, with the S&P 500 and Nasdaq both posting gains, helping risk assets like crypto rise alongside them.
Bitcoin’s price is now within striking distance of the critical $95K level. If that breaks, many analysts believe a retest of the all-time high near $108K could follow. Some long-term forecasts even suggest a push toward $200K by year-end, with support from ETF demand, pro-crypto policies, and a weakening dollar.
Meanwhile, altcoins are heating up too. Ethereum, Solana, and even Dogecoin posted double-digit gains this week.
Still, some caution that the rally may be overextended, and technical resistance looms just ahead. As always in crypto, buckle up.
Whether this is the start of the next leg up or just a temporary spike, one thing is clear: the market is watching Bitcoin closely.What do you think—are we heading for $100K again?