Bitcoin Falling Wedge Breakout Targets $101K
Bitcoin appears to be forming a falling wedge pattern on its daily chart, which signals a high potential for a bullish reversal move. Notably, the BTC/USD pair is tightening between two downward-sloping lines—the upper trendline as resistance and the lower trendline as support. Traders typically measure the upside target of a falling wedge by adding the pattern’s maximum height to the breakout point at the upper trendline. As of April 22, Bitcoin was breaking out of the wedge pattern, and recently closed above the 50-day exponential moving average (50-day EMA; the blue wave) at around $86,695. If the breakout continues as intended, the cryptocurrency can rise toward $101,150 by May.
According to Bitcoinity.org, on April 21, daily trading volume rose above 17,000 BTC. This increase accompanied the wedge breakout and highlighted stronger buyer participation. In turn, the surge in volume confirmed that the move carried meaningful momentum.
“Sell America” Trade Accelerates as Trump Targets Fed and Raises Tariffs
On April 22, Bitcoin is surging alongside gold as investors flee traditional U.S. assets in response to Donald Trump’s renewed pressure on the Federal Reserve and sweeping new tariffs. His public demand to remove Fed Chair Jerome Powell has rattled markets, undermining confidence in the central bank’s independence.
Meanwhile, rising 10-year Treasury yields—hitting 4.5% in April—have failed to lift the dollar, breaking with past risk-off trends.
The divergence signals eroding faith in U.S. debt and currency as safe havens. Analysts at Barclays and Deutsche Bank warn that foreign investors, long essential to financing America’s deficit, may retreat amid growing political interference and trade friction.
Bitcoin is benefiting from the shift. Like gold, it’s gaining favor as an alternative store of value untied to central banks or national policies.
Trump’s confrontational stance on global trade, weakening ties with allies, and reduced support for Ukraine are reshaping investment flows and prompting foreign institutions, including major U.S. bondholders, to reassess exposure.
With federal debt topping $29 trillion and America’s net investment position at negative $26 trillion, continued reliance on overseas capital looks increasingly fragile under Trump’s agenda.
