Bitcoin Holds Above $84K as Institutions Double Down, Gold-Backed Crypto Surges

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Arslan Butt

Crypto Writer

Arslan Butt

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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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April 14, 2025 04:57 EDT

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Bitcoin (BTC/USD) is holding steady above $84,000, bouncing back strongly from last week’s dip near $76,000. Despite the recent market volatility, the price action shows buyers are still in control, with support from an ascending trendline and the 50-period EMA at $82,530 helping to maintain momentum.

One major vote of confidence? MicroStrategy is back on a buying spree.

After a brief pause, Michael Saylor’s firm added 22,048 BTC to its balance sheet on March 31, bringing its total holdings to 528,185 BTC. That’s a 24% gain on their total investment—worth over $8.6 billion in unrealized profit.

While Bitcoin briefly slipped under $80K during broader market weakness, MicroStrategy’s continued accumulation signals firm institutional belief in Bitcoin as a long-term hedge against macroeconomic chaos.

Gold-Backed Crypto Leaves Bitcoin Behind (For Now)

Interestingly, while Bitcoin is regaining its footing, gold-backed cryptocurrencies have quietly outshined the broader market.

Tether Gold (XAUT) and Paxos Gold (PAXG) are up 23–24% in 2025, reaching record highs above $3,300. These gains mirror traditional gold’s strength, which has surged on safe-haven demand amid U.S.–China trade tensions and inflation fears.

Gold ETF inflows also spiked in Q1 2025, hitting a three-year high with 226.5 tons added—60% of that from North America alone.

In contrast, Bitcoin is still down over 11% year-to-date, and the broader crypto market has dropped more than 30%.

With risk sentiment cooling, investors are rotating into safer, asset-backed tokens, which could temporarily dampen bullish momentum for BTC.

Kiyosaki: “Bitcoin Is the People’s Money”

Amid global financial uncertainty, Robert Kiyosaki, author of Rich Dad Poor Dad, is doubling down on Bitcoin.

In a recent post, Kiyosaki called out the declining value of the U.S. dollar, urging everyday investors to consider Bitcoin as a hedge against fiat erosion. He also pointed to rising silver demand and record gold prices as signs of deepening financial stress.

Kiyosaki believes Bitcoin, gold, and silver represent “non-sovereign assets” that offer protection against “a deliberate economic restructuring.” Calling BTC “the people’s money,” he says it’s a critical tool for preserving wealth in times of systemic uncertainty.

His advocacy could draw more retail interest to Bitcoin and help drive long-term demand as trust in traditional currencies continues to erode.

Bitcoin (BTC/USD) Technical Setup – April 14

Bitcoin is consolidating above $84,000, with strong technical support from the 50-EMA and an ascending trendline. The RSI is at 60, suggesting there’s still upside room before BTC enters overbought territory.

Key Levels:

• Resistance: $86,110
• Support: $83,243
• Breakout Target: $88,567
• EMA Support: $82,530

Trade Idea:

• Entry: Buy above $86,200 (confirmation of breakout)
• Target: $88,500
• Stop Loss: $83,200

Bitcoin (BTC/USD) is consolidating above $84,000, following a strong recovery from the $76,000 region. Price remains supported by an ascending trendline and the 50-period EMA ($82,530), suggesting bullish momentum is intact. The Relative Strength Index (RSI) hovers around 60, indicating there’s still room to the upside before entering overbought territory.

A close above the immediate resistance at $86,110 could open the door for a retest of the $88,567 level. On the flip side, a drop below the $83,243 support zone may trigger a pullback toward $80,749.

Trade Setup:

• Entry: Buy above $86,200 on breakout confirmation
• Target: $88,500
• Stop Loss: $83,200

New to trading? Wait for a confirmed candle close above resistance before entering long positions. Use a tight stop-loss to manage downside in case of a false breakout.

Bottom Line

Bitcoin may be trailing gold-backed assets this year, but it’s still holding strong as institutional buyers double down and retail confidence grows. Between MicroStrategy’s massive bet, Kiyosaki’s public push, and the evolving macroeconomic narrative, BTC could be gearing up for another leg higher—especially if it breaks above $86,110 in the coming days.

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