Bitcoin ($BTC) Crypto Forecast: Up 5.2% Today

What is Bitcoin?

Bitcoin (BTC) is a popular cryptocurrency known for its high volatility and significant influence on the overall crypto market. Today, BTC experienced a strong bullish movement, reaching $78,000.

Why is Bitcoin going up?

BTC crypto is up 5.2% on Apr 17, 2026 16:42

• Bitcoin surged to $78,000, breaking above a key descending trendline that marked a bearish trend from $128,000, triggering short-squeeze conditions.
• The purchase of iShares Bitcoin Trust stock by a Congress member may have boosted confidence in Bitcoin, contributing to its upward momentum.
• Strategy stock, which is closely tied to Bitcoin as a leveraged proxy, showed a downward bias, highlighting the impact of Bitcoin's movements on related companies.
• The cooling volatility in the stock market and record-high closes for the S&P 500 likely provided a positive backdrop for Bitcoin's rally to $78,000.

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Bitcoin Hits $78,000 As 46 Days Of Short Positions Face Potential Short Squeeze

Bitcoin ( CRYPTO: BTC ) is up 5% after breaking above the descending trendline that defined the entire bear trend from $128,000, setting up short-squeeze conditions. The last time this squeeze happened was November to December 2022 during the FTX collapse.

https://www.benzinga.com/crypto/cryptocurrency/26/04/51887693/bitcoin-hits-78000-as-46-days-of-short-positions-face-potential-short-squeeze

A Congress Member Bought Up To $250K In iShares Bitcoin Trust Stock: Here's What You Need To Know - iShar

A report on April 16, 2026 shows that Representative Sheri Biggs from South Carolina purchase stock in iShares Bitcoin Trust ( NASDAQ:IBIT ) , valued between $100,001 and $250,000. According to the April filing, the transaction occurred on March 4, 2026.

https://www.benzinga.com/insights/government/26/04/51886996/a-congress-member-bought-up-to-250k-in-ishares-bitcoin-trust-stock-heres-what-you-need-to-kno

Strategy Stock Is Trading Higher Today: What's Behind It? - Strategy ( NASDAQ:MSTR )

Strategy stock is showing downward bias. Where are MSTR shares going? Strategy continues to trade as a leveraged proxy for Bitcoin ( CRYPO:BTC ) , and Friday's rally is closely tied to the company's latest balance‑sheet expansion.

https://www.benzinga.com/trading-ideas/movers/26/04/51884328/strategy-stock-is-trading-higher-today-whats-behind-it

100x Leverage, No KYC, $50 Welcome Bonus, and Double Deposit Bonus - Trade Crypto Futures on BexBack

Simply put, 100x leverage allows you to open larger trading positions with less capital. For example: Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

https://www.benzinga.com/pressreleases/26/04/g51884047/100x-leverage-no-kyc-50-welcome-bonus-and-double-deposit-bonus-trade-crypto-futures-on-bexback

Record Stocks Highs And Cooling Volatility Spark $88K Bitcoin Price Target

Bitcoin price rallied above $77,000 amid cooling geopolitical tensions and record-high back-to-back closes for the S&P 500.

https://cointelegraph.com/markets/bitcoin-price-quietly-sets-new-10-week-high-as-trader-sees-88k-in-weeks

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Bitcoin Price History

08.03.2026 - BTC Crypto was up 5.2%

• Bitcoin surged by 5% to surpass the $71,000 mark following President Trump's announcement of a ceasefire with Iran, which led to a drop in oil prices.
• The potential ceasefire news likely boosted investor sentiment and confidence in Bitcoin, driving the price higher.
• Additionally, the upcoming launch of the Morgan Stanley Bitcoin Trust, offering the cheapest Bitcoin ETF on the market, could have also contributed to the positive market movement.
• Overall, the combination of geopolitical developments and institutional interest in Bitcoin appears to have fueled the bullish momentum in the cryptocurrency market today.

08.03.2026 - BTC Crypto was up 5.1%

• The launch of the low-fee Bitcoin ETF by a prominent financial institution could have boosted investor confidence in the cryptocurrency, leading to increased demand and a bullish market movement for BTC.
• The consideration of accepting Bitcoin payments for ships passing through the Strait of Hormuz by a specific country may have added to the positive sentiment surrounding BTC, as it highlights growing acceptance and utility of cryptocurrencies in international transactions.
• The struggle of Bitcoin bulls to reclaim $72,000 despite a recent geopolitical event suggests that market participants were cautious and possibly took profits at key resistance levels, leading to a temporary pullback in BTC price.
• Overall, the combination of institutional adoption, geopolitical developments, and regulatory updates likely contributed to the bullish movement of Bitcoin recently.

14.03.2026 - BTC Crypto was up 5.3%

• Bitcoin Everlight's Phase 5 presale progress and increased participant growth likely boosted investor confidence in BTC, leading to a bullish movement.
• The outflows from Bitcoin ETFs as BTC surpassed $74,000 may indicate profit-taking by some investors, causing a temporary dip in the market.
• The identification of $43,647 as Bitcoin's "extreme pain" threshold could have reassured investors, leading to increased buying pressure and driving the bullish movement.
• Nigel Farage's Stack BTC promotion scrutiny and Peter Schiff's recommendation to switch from Bitcoin to gold and silver might have created some uncertainty but did not significantly impact BTC's overall bullish trend.

14.03.2026 - BTC Crypto was up 5.1%

• Bitcoin's surge above $75K led to the liquidation of Bitcoin shorts, indicating a strong bullish sentiment in the market.
• The fake Ledger Live app linked to a $9.5 million theft might have caused some uncertainty in the crypto space, but it did not deter BTC's upward momentum.
• River's announcement of banking services involving Bitcoin could have contributed to positive sentiment around cryptocurrencies, potentially boosting BTC's price.
• The argument for XRP's advantages over Bitcoin and Ethereum, along with hints at crypto plans from X's product chief, might have added to the overall positive outlook for cryptocurrencies, including Bitcoin.

14.03.2026 - BTC Crypto was up 5.8%

• Advice to swap Bitcoin for gold and silver may have caused some uncertainty among investors, but it seems the majority still believe in Bitcoin's potential.
• The anticipation of Bitcoin potentially falling to $50,000 as a key accumulation zone could have triggered some buying interest and contributed to the bullish movement.
• The optimism surrounding a potential US deal with Iran boosting investor confidence in riskier assets might have also positively impacted Bitcoin's price.
• A statement on a possible Iran deal breakthrough leading to a rally in cryptocurrencies, including Bitcoin, indicates how external geopolitical factors can influence the crypto market sentiment.

14.03.2026 - BTC Crypto was up 5.4%

• Bitcoin (BTC) reached close to $75,000 during a strong bullish period.
• The bullish trend is linked to an improvement in risk sentiment and positive geopolitical factors, resulting in a rise in spot buying.
• Breaking out of the descending channel that marked the previous bearish trend signified a shift towards bullish sentiment in the market.
• Despite Bitcoin's positive performance, U.S. spot ETFs saw an outflow of $291.11 million on April 13, suggesting some institutional profit-taking, which may be a temporary setback amid the prevailing bullish market atmosphere.

14.03.2026 - BTC Crypto was up 5.1%

• The bullish movement in BTC can be attributed to the overall market optimism driven by hopes for a potential US deal with Iran, leading to increased investor confidence in riskier assets.
• President Trump's comments on a possible breakthrough in the Iran deal further fueled the rally in cryptocurrencies like Bitcoin, Ethereum, XRP, and Dogecoin, with Bitcoin almost reaching $75,000 and experiencing a significant increase in trading volume.
• The news of Foundry Digital launching a Zcash mining pool and the shift in ViaBTC's mining pool dominance could have also contributed to the positive sentiment in the crypto market.
• Despite the rally, some traders remain bearish on Bitcoin as indicated by derivatives data, highlighting ongoing uncertainties in the market related to ETF inflows, miner selling, and geopolitical tensions.

13.03.2026 - BTC Crypto was up 5.1%

• A significant purchase of ETH and expanding staking strategy by Bitmine could have indicated confidence in the overall cryptocurrency market, potentially boosting investor sentiment towards BTC.
• Geopolitical tensions and concerns about the US economy might have driven investors to consider alternative assets like Bitcoin, increasing demand and contributing to the bullish movement.
• Uncertainty stemming from failed peace talks and a US blockade may have prompted investors to view Bitcoin as a safe haven asset, resulting in its price surge.
• Bitcoin's strength and appeal, evident in its ability to withstand resistance and profit-taking at key price levels, continue to attract investors seeking stability amid global uncertainties.

17.03.2026 - BTC Crypto was up 5.1%

• Bitcoin surged to $78,000, breaking a bearish trendline and triggering a potential short squeeze, leading to a bullish market movement.
• The purchase of iShares Bitcoin Trust stock by a Congress member may have added to positive sentiment and contributed to the upward momentum.
• Strategy stock, closely tied to Bitcoin as a leveraged proxy, showed a downward bias, contrasting with Bitcoin's bullish movement.
• The cooling of geopolitical tensions and record-high stock market closes likely fueled optimism and contributed to Bitcoin's price target of $88,000.

17.03.2026 - BTC Crypto was up 5.2%

• Bitcoin surged to $78,000, breaking above a key descending trendline that marked a bearish trend from $128,000, triggering short-squeeze conditions.
• The purchase of iShares Bitcoin Trust stock by a Congress member may have boosted confidence in Bitcoin, contributing to its upward momentum.
• Strategy stock, which is closely tied to Bitcoin as a leveraged proxy, showed a downward bias, highlighting the impact of Bitcoin's movements on related companies.
• The cooling volatility in the stock market and record-high closes for the S&P 500 likely provided a positive backdrop for Bitcoin's rally to $78,000.

17.03.2026 - BTC Crypto was up 5.3%

• Bitcoin remains resilient above $75,000, supported by positive movements in other major cryptocurrencies like Ethereum, XRP, and Dogecoin, indicating a broader bullish sentiment in the crypto market.
• Despite a sustained winter for crypto in Q1 with declining centralized exchange volumes, Bitcoin's price action seems to be defying the trend, potentially fueled by renewed interest from institutional investors as evidenced by significant inflows into Bitcoin ETFs.
• The stalled recovery at $76,000 is seen as a temporary setback, with analysts highlighting the importance of reclaiming this level, sustained spot market buying, and continued inflows into Bitcoin ETFs to reignite the rally towards new highs.
• Bitcoin's upward trajectory towards $90,000 is supported by whale activity, as large holders accumulate significant amounts of BTC, signaling confidence in the digital asset's long-term potential despite challenges such as liquidations and weak spot demand.

07.03.2026 - BTC Crypto was up 5.2%

• BTC demonstrated strong bullish movement today, contrasting the prevailing bearish market sentiment.
• The accumulation of 4 million coins in long-term investor wallets signals confidence in BTC's future.
• Despite global tensions and market concerns like the Iran conflict and miner selling pressure, Bitcoin's resilience in outperforming traditional assets underscores its safe-haven appeal.
• Wintermute analysts indicate positive sentiment, hinting at potential price stability amidst intense bearish sentiment, potentially setting the stage for BTC to reclaim the $70,000 support level in the near future.