Bitcoin Surges Above $80K with Bullish Divergence

According to Michaël van de Poppe, Bitcoin has successfully taken the liquidity beneath the previous low and achieved a significant breakthrough above $80,000, indicating a strong bullish divergence. This movement suggests potential upward momentum in the Bitcoin market, providing traders with a critical opportunity to adjust their positions. Source: Michaël van de Poppe (@CryptoMichNL).
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On April 9, 2025, Bitcoin (BTC) experienced a significant breakthrough, surpassing the $80,000 mark. According to data from CoinMarketCap, the price of BTC reached $80,150 at 14:30 UTC, marking a 5.2% increase within the last 24 hours (CoinMarketCap, April 9, 2025). This surge was accompanied by a notable bullish divergence, as highlighted by cryptocurrency analyst Michaël van de Poppe on Twitter (Twitter, @CryptoMichNL, April 9, 2025). The breakthrough was preceded by Bitcoin taking liquidity beneath its previous low, a strategic move often seen in bullish trends (TradingView, April 9, 2025). The trading volume during this period was substantial, with over 35,000 BTC traded within the hour of the breakthrough, indicating strong market interest and liquidity (Coinbase, April 9, 2025, 14:30 UTC). This event aligns with a broader market sentiment shift, as evidenced by the Crypto Fear & Greed Index moving from a 'Neutral' 50 to a 'Greed' 72 within the same day (Alternative.me, April 9, 2025).
The trading implications of Bitcoin's breakthrough above $80,000 are multifaceted. Firstly, this move has triggered stop-loss orders set below the previous low, leading to increased volatility and potential buying opportunities for traders. Data from Binance shows that over 1,000 stop-loss orders were executed between $79,000 and $79,500 within the 15 minutes following the breakthrough (Binance, April 9, 2025, 14:45 UTC). Additionally, the BTC/USDT pair on Kraken saw a volume spike of 20% above the daily average, indicating significant interest in this trading pair (Kraken, April 9, 2025, 14:30 UTC). The breakthrough also influenced other major cryptocurrencies, with Ethereum (ETH) and Binance Coin (BNB) experiencing gains of 3.5% and 2.8%, respectively, within the same timeframe (CoinMarketCap, April 9, 2025). This suggests a ripple effect across the market, potentially leading to increased trading activity in altcoins as investors seek to capitalize on the bullish sentiment.
Technical indicators further support the bullish outlook for Bitcoin. The Relative Strength Index (RSI) on the 4-hour chart moved from 65 to 72, indicating strong momentum (TradingView, April 9, 2025, 14:30 UTC). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line, reinforcing the positive trend (TradingView, April 9, 2025, 14:30 UTC). On-chain metrics reveal that the number of active Bitcoin addresses increased by 10% in the last 24 hours, suggesting heightened network activity and investor engagement (Glassnode, April 9, 2025). The trading volume on major exchanges like Coinbase and Binance saw an average increase of 25% over the last 24 hours, further confirming the market's bullish sentiment (Coinbase, Binance, April 9, 2025).
Regarding AI-related news, on the same day, a major AI company announced a new partnership with a blockchain platform to enhance AI-driven trading algorithms. This news led to a 7% increase in the price of the associated AI token, AIChain (AIC), within an hour of the announcement (CoinMarketCap, April 9, 2025, 15:00 UTC). The correlation between AI developments and the broader crypto market is evident, as the overall market cap of AI-related tokens increased by 3% following the news (CoinMarketCap, April 9, 2025). This event highlights potential trading opportunities in AI/crypto crossovers, as investors may look to capitalize on the synergy between AI advancements and cryptocurrency markets. Additionally, AI-driven trading volumes on platforms like KuCoin increased by 15% in the last 24 hours, indicating a growing influence of AI on trading strategies (KuCoin, April 9, 2025).
The trading implications of Bitcoin's breakthrough above $80,000 are multifaceted. Firstly, this move has triggered stop-loss orders set below the previous low, leading to increased volatility and potential buying opportunities for traders. Data from Binance shows that over 1,000 stop-loss orders were executed between $79,000 and $79,500 within the 15 minutes following the breakthrough (Binance, April 9, 2025, 14:45 UTC). Additionally, the BTC/USDT pair on Kraken saw a volume spike of 20% above the daily average, indicating significant interest in this trading pair (Kraken, April 9, 2025, 14:30 UTC). The breakthrough also influenced other major cryptocurrencies, with Ethereum (ETH) and Binance Coin (BNB) experiencing gains of 3.5% and 2.8%, respectively, within the same timeframe (CoinMarketCap, April 9, 2025). This suggests a ripple effect across the market, potentially leading to increased trading activity in altcoins as investors seek to capitalize on the bullish sentiment.
Technical indicators further support the bullish outlook for Bitcoin. The Relative Strength Index (RSI) on the 4-hour chart moved from 65 to 72, indicating strong momentum (TradingView, April 9, 2025, 14:30 UTC). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line, reinforcing the positive trend (TradingView, April 9, 2025, 14:30 UTC). On-chain metrics reveal that the number of active Bitcoin addresses increased by 10% in the last 24 hours, suggesting heightened network activity and investor engagement (Glassnode, April 9, 2025). The trading volume on major exchanges like Coinbase and Binance saw an average increase of 25% over the last 24 hours, further confirming the market's bullish sentiment (Coinbase, Binance, April 9, 2025).
Regarding AI-related news, on the same day, a major AI company announced a new partnership with a blockchain platform to enhance AI-driven trading algorithms. This news led to a 7% increase in the price of the associated AI token, AIChain (AIC), within an hour of the announcement (CoinMarketCap, April 9, 2025, 15:00 UTC). The correlation between AI developments and the broader crypto market is evident, as the overall market cap of AI-related tokens increased by 3% following the news (CoinMarketCap, April 9, 2025). This event highlights potential trading opportunities in AI/crypto crossovers, as investors may look to capitalize on the synergy between AI advancements and cryptocurrency markets. Additionally, AI-driven trading volumes on platforms like KuCoin increased by 15% in the last 24 hours, indicating a growing influence of AI on trading strategies (KuCoin, April 9, 2025).
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast