Bitcoin Price Rips Above $85K—Is the Bull Run Back?

Bitcoin (BTC) is back in the spotlight, rising over 1.35% on Tuesday to trade around $85,700, as a mix of bullish catalysts continues to offset ETF outflows and global market headwinds.

One major development: Brazilian fintech Meliuz is considering making Bitcoin an official part of its corporate treasury strategy.

Brazil fintech Meliuz proposes expanding bitcoin reserves strategy https://t.co/Zq0MtDuQF6 pic.twitter.com/JxeXKBNIdU

— Reuters Tech News (@ReutersTech) April 15, 2025

The company, which already began accumulating BTC earlier this year, will hold a shareholder vote on May 6 to decide whether to formally integrate Bitcoin into its long-term financial plans. The move signals growing corporate confidence in Bitcoin as a store of value.

Mixed ETF Flows Highlight Market Divergence

April saw $812.3M in net outflows from U.S.-listed Bitcoin ETFs, with key players seeing sharp redemptions:

• BlackRock’s IBIT: –$393.2M
• Grayscale’s GBTC: –$256.4M
• Bitwise & Fidelity: additional declines

However, Grayscale’s newly launched Mini Trust defied the trend, recording $36.7M in inflows—proof that selective optimism still exists.

Fed’s Dovish Tilt + Trade Tension Easing Support BTC Rally

Bitcoin’s upward move comes as macro conditions shift. According to Federal Reserve Governor Christopher Waller, renewed U.S. tariffs could trigger a “bad-news rate cut” to offset recession risks. While not ideal economically, such a move would likely boost liquidity—good news for risk assets like BTC.

Relatively to the past couple of weeks, it was a quiet trading day for both crypto and U.S. stocks, with both assets drifting modestly higher on Monday.https://t.co/B9KBjjZB35

— CoinDesk (@CoinDesk) April 14, 2025

Meanwhile, the EU has paused retaliatory tariffs until July 14, allowing more time for negotiations with the U.S. Polymarket odds now give a 65% chance of a deal being struck.

Crypto analytics firm SwissBlock noted improvements in BTC network fundamentals and liquidity stability, strengthening the case for continued upside.

Institutional Dip Buying Resurfaces

Despite a 13% decline in Q1—Bitcoin’s worst quarterly start since 2018—rich investors appear to be loading up.

JUST IN: Crypto wealth manager Xapo Bank introduces Bitcoin-backed loans up to $1 million. pic.twitter.com/6QshU65XH0

— Whale Insider (@WhaleInsider) March 18, 2025

• Xapo Bank reported a 14.2% jump in BTC trading volume in Q1 2025, with affluent clients buying aggressively during the downturn.
• Euro deposits at Xapo rose 50%, and USDC usage increased, showing a pivot away from USDT amid European regulatory tightening.
• Bitget exchange clocked in $2.1 trillion in Q1 volume, with spot trading up 159% and nearly 5 million new users onboarded.

This “buy-the-dip” behavior and surging participation point to growing institutional conviction, reinforcing long-term bullish sentiment.

Technical View: BTC Eyes $87,300 as Breakout Gains Traction

Bitcoin is riding a solid breakout above the $84,358 resistance, now trading near $85,693 and hugging an ascending trendline. The 50-period EMA at $83,870 continues to provide dynamic support, while the RSI is approaching 63, indicating healthy bullish momentum without signaling overbought conditions.

Beginner-Friendly Trade Setup

• Entry: Buy above $86,150 on confirmed breakout
• Target: $87,350 – $88,500
• Stop Loss: $83,800

Tip: Wait for a strong candle close above $86,150 with rising volume. This momentum-driven strategy rewards patience. Use a tight stop to manage risk in case of a pullback.

Bottom Line

Between rising institutional interest, renewed treasury adoption, and macro tailwinds like potential rate cuts and eased trade tensions, Bitcoin is regaining its footing above $85K.

While ETF outflows remain a headwind, the underlying conviction from both retail and institutional buyers suggests that BTC may be setting the stage for a fresh run toward $88K and beyond.

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