Bitcoin (BTC) price surges to $88654 after ARK Invest buys the dip

Bitcoin price has surged to $88,654, following a groundbreaking move by ARK Invest.

"April 22, 2025 – An American investment management firm, ARK Invest, has purchased $116 million worth of Bitcoin (BTC), the flagship cryptocurrency, it is revealed. The firm, which is being managed by Cathie Wood, applied for an adjustment to its flagship Ark Next Generation Internet Fund (ARKW).

According to the SEC filing, the adjustment to the fund will allow for a 15% allocation to cryptocurrencies. Despite this, the firm has chosen to invest a total of 30% of the fund's assets in a small number of closely followed tech stocks.

This move by the leading asset management firm has been a hot topic among the crypto traders. As institutional support is crucial for pushing the crypto to new highs, it seems that ARK Invest’s move has brought Bitcoin closer to the tipping point.

In the last 24 hours, Bitcoin has responded positively, experiencing upward momentum, and it seems that the crypto is setting the stage for a new phase of bullish activity.

In this article, we have provided the price analysis of Bitcoin for the last 24 hours to know how ARK Invest’s bold move impacted Bitcoin price in the crypto market. Let’s dive in.

Bitcoin Top Levels In 24 Hours

On April 21, 2025, the trading day commenced with Bitcoin having established an upward price trajectory, demonstrating a strong bullish wave. In the initial trading session, Bitcoin began to move up, broke the resistance at $85,291, breached a breakout, spiked, and entered the phase of a trading range. At 02:20 UTC, Bitcoin encountered resistance, experienced a shortfall, and dropped to $85,291.

However, at 04:30 UTC, Bitcoin found support at $87,045, began to move up, and kept fluctuating within the trading range. Subsequently, at 09:10 UTC, a pin bar, followed by a full-body red candle, signaled a potential downtrend. As expected, Bitcoin encountered resistance, dropped to $87,045, broke the support, and slid further to $86,634 at 11:30.

Chart 1 – Analyzed by Buvaneswari_L, published on TradingView on April 22, 2025

As expected, Bitcoin encountered an RSI oversold situation at 11:40 indicating a possible trend reversal. As expected, Bitcoin found support at $86,634, pulled back, and moved in an upward channel. A Golden Cross on MACD at 11:55 reaffirmed this uptrend.

Bitcoin encountered an RSI Overbought situation at 14:25, indicating a possible downtrend. As expected, at 14:30, Bitcoin encountered resistance at $88,444, dropped to $86,634, broke the support, and slid further to $86,634. Conversely, at 17:10, Bitcoin experienced an uptrend from the support level of $86,634 and closed at $87,569.

Bitcoin Price Analysis: Last 24 Hours

Following the preceding day’s upward momentum, on April 22, 2025, Bitcoin continued to experience an upward movement. At 01:15 encountered an RSI Overbought situation, indicating a possible trend reversal. As expected, at 01:20, a pin bar, followed by a full-body red key bar, signaled a potential downtrend.

Bitcoin encountered resistance at $88,654, dropped to $86,634, broke the support, and slid further. A Death Cross on MACD at 02:05 signified this downtrend.

Bitcoin’s Possible Scenario

As ARK Invest has made a big move with Bitcoin investment, Bitcoin surges. Further, this has become a trending topic in Bitcoin news, capturing the attention of investors and traders across the globe. Since the crypto market is volatile due to political uncertainty, we suggest that readers do market research to know the potential risks and rewards before investing.