As of March 30, 2025, Bitcoin (BTC) has indeed experienced downward pressure recently, though I don’t have real-time price data to confirm its exact status this minute. Based on trends up to this point, BTC has seen a notable decline from its all-time high of around $109,000 in January 2025, dropping to levels below $80,000 earlier this month—a roughly 25-28% correction. This slide has been attributed to several factors shaking the crypto market.
One major driver is macroeconomic uncertainty tied to U.S. policy shifts. President Donald Trump’s tariff proposals, set to hit goods from Canada, Mexico, and China starting April 2, have rattled global markets. These tariffs, combined with fears of retaliatory trade wars and a potential U.S. recession, have soured sentiment toward risk assets like BTC. Despite Trump’s pro-crypto stance—including an executive order for a U.S. Bitcoin Strategic Reserve—investors were underwhelmed by the lack of immediate plans to buy more BTC, as the reserve will initially use only seized assets (about 198,000 BTC, worth roughly $16 billion at recent prices).
Market dynamics also play a role. Newer investors, particularly those who bought in the last three months, have been “panic-selling,” with 70% of recent BTC sales coming from this group, locking in losses. Meanwhile, long-term holders (LTHs) are holding steady, suggesting confidence in an eventual recovery. Net outflows of $4.4 billion from U.S. Bitcoin ETFs since February signal reduced institutional buying pressure, though some argue this dip is a buying opportunity given Wall Street and White House support.
Analysts are mixed on where BTC heads next. Some, like those at 10x Research, see a potential rebound to $90,000 if Trump softens tariff rhetoric and the Federal Reserve turns dovish in April. Others warn of further weakness, with support levels at $85,500 (200-day SMA) and $82,700 under watch, and a possible drop to $70,000 if those break. Posts on X reflect this tension—some users highlight BTC’s resilience .
