Bitcoin prices have been rising in recent weeks.
Cryptocurrency recently created a bullish crossover, surpassing the 20-day moving average above the 50-day moving average.
However, if investors are concerned about the economy, digital currencies could return to value.
Bitcoin (Cryptography: BTC) I’ve been picking up steam over the past few weeks. It’s back to where it was a few months ago and it may not be long before it reaches the $100,000 mark again. To reach a new all-time high, it will need to go up 15% more. And after recent bullish developments, it may be only a matter of time before that happens.
Crypto Investors looks at the charts to reveal signs that Bitcoin may be heading higher and there may be something that stands out right now. The digital currency has taken off again, entering trading on Monday, rising north by $95,000. It has returned around the level that was in February before tariffs and economic concerns focused on its assessment.
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The recent trends are so strong that Bitcoin’s 20-day moving average (MA) is above the 50-day long MA. It is a positive signal for the market that optimism is taking up. It could also be a catalyst to further boost Bitcoin valuations in weeks and months for tech analysts tracking charts and looking for these types of crossovers.
This recent crossover is a promising development for the crypto world, but it also comes when the market seems unwilling to worry about tariffs, with President Trump announcing a suspension of most global tariffs. But investors need to look back at early April, when Bitcoin fell below $75,000 due to fears related to the state of the global economy.
Since the start of the year, Bitcoin has only increased by just a few percentage points. That’s far from last year when its value rose 119%. There was a lot of enthusiasm in 2025, hoping that President Trump would implement crypto-friendly policies that would help Bitcoin and other digital currencies increase their value.
It is also possible that potential catalysts will be ahead, such as setting up reserves that include Bitcoin, but the risks that could lead to a recession this year are also increasing. So, although investors might want to believe that Bitcoin has become a safe investment amid this chaos, and that it is even “digital gold” that hasn’t been that way this year. An economic recession could lead to a decline in the value of Bitcoin.
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