Although analysts caution that stabilization is necessary before a trend reversal, the demand for bitcoin shows signs of revival and a potential surge towards $90K.
Following a recovery in its apparent demand from a previously negative zone, the price of Bitcoin (BTC) is aiming for a possible climb toward $90,000. Some have speculated that a new bullish phase may be beginning as a result of this increase in demand. Experts advise caution, though, since the market has yet to confirm a trend reversal fully.
Bitcoin price apparent demand shows signs of recovery
After weeks of dominating the market with negative sentiment, Bitcoin’s apparent demand has showed indications of revival. Recently, the 30-day total of apparent demand entered positive territory, suggesting that the market behavior of Bitcoin may be changing. Even if the comeback is positive, some analysts warn that it could not yet be the beginning of a full market turnaround.
When examining previous cycles, comparable trends were followed by protracted periods of consolidation, making it impossible to draw hasty judgments on the rally’s viability. An early demand rebound was frequently followed by months of sideways movement before a true recovery was accomplished, as was shown during the 2021 cycle.
Therefore, even if the recent performance is noteworthy, it still begs the issue of whether the upward trend will continue.
BTC hashrate and network confidence
The hash rate of Bitcoin is increasing in tandem with the apparent growth in demand. Despite the sideways trend of BTC/USD, this surge indicates a greater level of optimism among miners. Long-term benefits for Bitcoin include more dispersed mining and more network security, both of which are indicated by a greater hash rate.
“Bitcoin’s hashrate continues to explode to new highs,” noted analyst Miles Deutscher. “This signals increased network security, miner confidence, and potentially more decentralization, all of which are bullish signs for Bitcoin.”
This pattern lends credence to the notion that, despite price swings, Bitcoin is still a wise investment. Higher hashrates enhance Bitcoin’s decentralization and security, which adds to its long-term potential. Furthermore, Robert Kiyosaki claims that with the recent dollar meltdown, investors have resorted to Bitcoin as a “Safe haven.”
Support levels amid MicroStrategy’s Bitcoin accumulation
The price of bitcoin is presently challenging important support levels, with $82,024 being the most crucial level. This level is crucial to keep a careful eye on since it represents the point at which 96,580 BTC were previously accumulated.
“The most critical support for Bitcoin sits at $82,024, where 96,580 BTC were previously accumulated. A level worth watching closely!” said cryptocurrency expert Ali Charts. A level that’s worth paying special attention to! A robust defense of this support level would suggest that buyers are in charge and that a price increase may be on the horizon.
The most critical support for #Bitcoin sits at $82,024, where 96,580 $BTC were previously accumulated. A level worth watching closely! pic.twitter.com/LJwGU9lsvc
— Ali (@ali_charts) April 14, 2025
The success of the Bitcoin market is significantly influenced by institutional investors, such as MicroStrategy. To bring their total Bitcoin holdings to 531,644 BTC, or around $35.92 billion, MicroStrategy just bought a another 3,459 BTC.
Likewise, Metaplanet, another institutional buyer, paid almost $26.3 million for 319 BTC. This suggests fresh institutional purchasing, which may help the price of Bitcoin if it drops. Additionally, 79 businesses have reported having Bitcoin on their balance sheets, showing rising interest, according to Nate Geraci, president of the ETF shop, who made this revelation in an X post.
Resistance levels to watch as Bitcoin price moves higher
The price of Bitcoin (BTC) is still rising, but it is approaching a number of significant resistance levels. The current price of Bitcoin has tested and broken the first resistance level, which was between $74,000 and $78,000. The price of Bitcoin has surged to its next goal, a crucial point of control (POC) at $97,000, after an upward breach above this range.
“While short-term momentum appears bullish, we still face multiple resistance hurdles before confirming the correction is complete,” said analyst Stockmoney Lizards.
Bitcoin may hit the $110,000 mark before the end of the summer, according to experts, if it breaks over the $97,000 mark.
Fed Chair change imminent as Trump tariffs create economic strain
With its planned tariffs reportedly laying the groundwork for a possible change in the Fed’s (Fed) leadership, the Trump administration is preparing for major changes in the economy.
According to sources, Fed head Jerome Powell may suffer a similar fate to that of Gary Gensler’s dismissal from the Securities and Exchange Commission (SEC), with talks beginning far in advance of his term.
Jerome Powell’s exit planned as Trump tariffs spell economic hardship
The Trump administration intends to interview potential successors to Fed Chair Jerome Powell, according to Treasury Secretary Scott Bessent.
Notably, Powell will be leaving his position as Fed head in May 2026, more than a year from now. Experts speculate that, with over 13 months remaining, the administration’s action may be a calculated reaction to the economic instability that Trump’s harsh tariff policies are predicted to cause in 2025.
It is believed that the Trump administration may open the door for a future Fed Chair to use stimulus and interest rate reduction to guide the economy through 2026.
“The interest rates affect credit cards, they’ll affect auto loans, the bottom 50% of Americans over the past two years have gotten crushed by these high interest rates. We’re set on bringing interest rates down,” Bessent claimed in a televised interview.
It is anticipated that Trump’s proposed tariffs, which include a 125% levy on Chinese imports, will have a significant effect on the US economy. A Tax Foundation research released on April 11, 2025, estimates that these tariffs might eventually result in a 1.3% decline in US GDP.
Additionally, according to the analysis, tariffs will raise taxes by an average of $1,300 per US household in 2025. Customers who are already struggling with inflationary issues are put under further strain as a result.
When combined with foreign retaliation that impacts US exports worth $330 billion, the total GDP decline may be as much as 1.0%. This demonstrates the economic difficulties that the government expects to face in the upcoming year.
Trump administration prepares for 2026 economic recovery
A month after Bessent cited Fed Chair Jerome Powell as a major barrier, this paper was released. Powell thwarted the Trump administration’s resolve to cut interest rates, he said.
In fact, Powell’s Federal Open Market Committee (FOMC) has opposed interest rate reductions. Until they are at ease with inflation cooling, they stay in this position.
Additionally, the Fed significantly lowered its forecasts for the economy in 2025. They presented a picture of sustained inflation and slower development.
Economists say that because of the tariffs, the Trump Administration is preparing for “economic weakness” in 2025. Nonetheless, it views 2026 as a year of recovery through changes to monetary policy.
“This sets up perfectly for 2026 to be the year of interest rate cuts and economic stimulus, with the newly appointed Fed Chair,” The Kobeissi Letter said.
Powell’s successor is therefore scheduled to coincide with these economic forecasts. Interest rate reductions and stimulus to combat the slowdown brought on by tariffs would be made easier by a new Fed Chair who might be more in line with Trump’s economic goals.
Since 2018, Jerome Powell has been the Fed’s chair. He has successfully navigated a challenging economic landscape that includes both the post-pandemic recovery and rising inflation.
His efforts to strike a compromise between the Fed’s dual mandate of full employment and stable prices have been a defining feature of his second term, which was affirmed in May 2022. President Trump, among others, has criticized this for not being sufficiently accommodating.
“The Fed would be much better off cutting rates as US tariffs start to transition (ease) their way into the economy. Do the right thing,” Trump shared on Truth Social.
The administration’s preference for a Fed Chair who would be more receptive to its policy objectives is demonstrated by the early hunt for his successor.
Shiba Inu burn rate blows up 2000%; Is SHIB price gearing up for a pump?
Due to the removal of 20 million tokens from the supply, the Shiba Inu burn rate increased by a significant 2000% on Tuesday. Examine if the price of SHIB may rise.
Tuesday’s stunning 2000% increase in the Shiba Inu burn rate echoed market confidence about the animal’s potential price fluctuations. More than 20 million SHIB tokens were taken out of the asset’s circulation in a single day, according to recent burn data. Investors and traders in the cryptocurrency market are already speculating about potential price increases, while a well-known SHIB community member also disclosed that a “new pump wave is loading.”
Shiba Inu burn rate soars 2000% as 20M tokens burnt
The Shiba Inu burn rate surged by 2061.22% at the time of reporting, according to Shibburn’s statistics from April 15. The 20.83 million coins that were taken out of the asset’s supply during the day coincided with this spike in the meme token’s burn rate.
To put things in perspective, the SHIB burn mechanism renders tokens unrecoverable by moving them to a null address. This story significantly lowers the number of dog-themed meme coins in circulation, which many attribute to SHIB’s generally poor performance over time.
Furthermore, according to a well-known Wall Street analyst on X who goes by the handle “wallstreetbets,” “Despite burns, SHIB supply remains unchanged.” Due of the ongoing burning, this comment has caused market players to get anxious as they look forward to future price increases. Interestingly, CoinGape discovered that at the time of publishing, there were 584.37 trillion tokens in circulation.
Can SHIB price pump ahead?
Despite the spike in the Shiba Inu burn rate, the price of the SHIB token was down over 3% during the day, according to CoinMarketCap statistics, and was trading at $0.00001193. The meme currency dropped from a high of $0.00001239 over the day to a low of $0.00001182. Due to a turbulent price trajectory and general market trends, cryptocurrency market players are now unsure about the coin’s future price fluctuations.
However, SHIB Knight, a well-known member of the Shiba Inu community, said on X that a “new pump wave is loading.” Notably, according to the community member, a prolonged break over $0.00001238 signals the start of a bull run. Investors and traders are still keeping an eye on the coin in anticipation of future changes in price.
In the meantime, the number of daily active addresses on the network significantly decreased, according to a recent Shiba Inu pricing research. This data, which highlights waning network activity, might cause some price volatility in the future.
