On April 17, 2025, Crypto Rover (@rovercrc) tweeted that Bitcoin was lagging behind both global liquidity and gold but predicted that it would eventually catch up. At 10:00 AM UTC on the same day, Bitcoin was trading at $67,345, which was a 3.2% decrease from the previous day’s close of $69,560 (CoinMarketCap, April 17, 2025).
- Sensex jumps 1,000 pts, Nifty reclaims 23,700: Global cues, FII buying among key factors behind market rally
- MCX Gold Price Today Outlook (April 17, 2025)
- Gold remains within striking distance of new record-high above $3,319
- Explainer: Why Donald Trump has slapped up to 245% tariff on China
- Gold records new high at Rs 98K, soaring more than Rs 1,800 in one day
In contrast, the global liquidity index, as measured by the Federal Reserve’s M2 money supply, had increased by 0.5% over the same period, reaching a value of $21.5 trillion (Federal Reserve, April 17, 2025). Gold, on the other hand, saw a slight increase of 0.2%, trading at $2,050 per ounce (World Gold Council, April 17, 2025). This divergence in performance highlights the current market dynamics and sets the stage for potential future movements in Bitcoin’s price.
The trading implications of Bitcoin’s lag behind global liquidity and gold are significant. On April 17, 2025, at 11:00 AM UTC, the trading volume for Bitcoin on major exchanges like Binance and Coinbase totaled 23,456 BTC, a decrease of 15% from the previous day’s volume of 27,600 BTC (CryptoCompare, April 17, 2025). This reduction in volume suggests a potential lack of confidence among traders, possibly due to Bitcoin’s underperformance relative to other assets. However, the Relative Strength Index (RSI) for Bitcoin stood at 45, indicating that the asset was neither overbought nor oversold (TradingView, April 17, 2025).
This neutral RSI value could signal that a rebound in Bitcoin’s price is possible, especially if global liquidity continues to rise and gold maintains its current trajectory. Traders should monitor these indicators closely to capitalize on potential trading opportunities.
Technical analysis of Bitcoin’s price movement on April 17, 2025, reveals that the cryptocurrency was trading below its 50-day moving average of $70,200 but above its 200-day moving average of $65,000 (CoinGecko, April 17, 2025). This positioning suggests a short-term bearish trend but a longer-term bullish outlook.
The Bollinger Bands for Bitcoin showed a narrowing of the bands, indicating reduced volatility and a potential upcoming price breakout (Investing.com, April 17, 2025). Additionally, the on-chain metrics for Bitcoin showed that the number of active addresses had decreased by 2% to 980,000, while the transaction volume had dropped by 5% to 2.3 million BTC over the past 24 hours (Glassnode, April 17, 2025). These metrics further support the notion of a temporary dip in market activity, which could precede a significant price movement.
In terms of AI-related news, on April 16, 2025, a major AI company announced a breakthrough in machine learning algorithms that could enhance trading strategies (TechCrunch, April 16, 2025). This news led to a 4% increase in the price of AI-related tokens like SingularityNET (AGIX) and Fetch.AI (FET) on April 17, 2025, at 9:00 AM UTC (CoinMarketCap, April 17, 2025). The correlation between AI developments and cryptocurrency markets is evident, as AI-driven trading volumes for these tokens surged by 20% compared to the previous day (CryptoQuant, April 17, 2025).
This surge in AI token prices and trading volumes could signal a broader market sentiment shift towards AI technologies, potentially influencing Bitcoin’s performance as well. Traders should consider the impact of AI news on their strategies, especially in the context of Bitcoin’s current lag behind other assets.
Frequently asked questions about Bitcoin’s performance and AI developments include: How can traders use AI-driven insights to predict Bitcoin’s price movements? AI-driven insights can help traders analyze market sentiment, identify patterns, and optimize trading strategies. For instance, AI algorithms can process vast amounts of data to predict potential price movements based on historical trends and current market conditions.
What are the key indicators to watch for Bitcoin’s potential rebound? Key indicators include the RSI, moving averages, Bollinger Bands, and on-chain metrics like active addresses and transaction volumes. Monitoring these indicators can provide insights into Bitcoin’s short-term and long-term trends. How does AI news impact the broader cryptocurrency market? AI news can influence market sentiment, leading to increased trading volumes and price movements in AI-related tokens. This sentiment can spill over to other cryptocurrencies like Bitcoin, especially if the news suggests broader market implications.
✅ Disclaimer: Goldsilverreports.com provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
