The context: after a record summit (ATH) at more than $ 109,000 in January 2025, the Bitcoin (BTC) course underwent several krachs before stabilizing between $ 80,000 and $ 85,000. For several days, however, he has started up a new increase, to exceed the large bar of $ 90,000. For a supported Bitcoin rally, capital must enter the market regularly, as this provides the liquidity necessary for an additional increase in the course. The Bitcoin rally threatened by an indicator of Stablecoin to laggle the prospects of the Bitcoin course were bullish this Wednesday, April 23 during the early hours of the Asian session. Indeed, upward technical training, in particular a descending bevel model, suggested a new increase for the pioneer crypto. At the time of writing this article, Bitcoin was exchanged at $ 93,714, with a rally potential of 9 % up to 20 %. The objective of the descending bevel model is an increase of 20 %, which is determined by measuring the greatest height of the bevel and by superimposing it at the termination point. This bullish turnaround is already underway, while the BTC transformed critical resistance to $ 85,000 into support and converted the support area into a bullish reversal point. Bitcoin course performance (BTC). Source: TradingView on the basis of the daily graphic above for the BTC/USDT trading pair, a daily candle fence above $ 91,575 could thus set the tone for a prolonged Bitcoin rally. Increased purchase pressure beyond the immediate resistance to $ 94,000 could lead the BTC to then target $ 100,000. The crypto could then extend to the objective of $ 102,239 in a very bullish scenario. Technical indicators align with this perspective. The relative force index (RSI) is increasing, recording higher peaks, which suggests growing momentum. Its position below 70 indicates that there is still a margin for an increase before the BTC is over -going and presents a risk of correction. Likewise, the histograms of the Oscillator Awesome (AO) are in the green, indicating bullish control. Their position above the midline (in positive territory) thus strengthens the upward thesis. However, despite all these encouraging signals, Markus Thielen, research manager at 10x Research, calls for caution, citing a delay in the stablecoins creation indicator. “Since our stablecoin creation indicator has not yet returned to high activity levels, we remain cautious about the sustainability of the current Bitcoin rally,” wrote Thielen in the last research published by 10x. The Stablecoins creation indicator refers to the emission or the creation of new stablecoins, such as the TETH (USDT) or the USD Coin (USDC). The creation of Stablecoins often signals the capital entry into the Crypto market, which can have several implications for the Bitcoin course. Among them, there is increased liquidity and confidence in the market, investors anticipating profitable opportunities. These two elements constitute signs of potential upward pressure. According to the analyst, the absence of strong stablecoins flows “raises questions about follow -up”. The Bitcoin rally to the psychological level of $ 100,000 would remain threatened. Bitcoin vs Stablecoins creation indicator. Source: 10x Research It is interesting to note that stablecoins are less significant as the main indicator for the Bitcoin course. Analysts cite other factors such as institutional flows via ETF (Stock Exchange) or Strategy purchases (MSTR). Nevertheless, if the profits starts, a candle fence below the midfield of the Haussier reversal point, or Bullish Breaker, at $ 86,562, could reverse the trend. This could plunge Bitcoin in a consolidation phase below the crucial level of $ 85,000. Morality of history: no liquidity, no rally. Notice of non-responsibility Non-responsibility notice: In accordance with the guidelines of The Trust Project, BEINCRYPTO undertakes to provide impartial and transparent information. This article aims to provide exact and relevant information. However, we invite readers to verify the facts of their own and consult a professional before making a decision on the basis of this content.
An analyst advises caution
