As of April 3, 2025, Bitcoin (BTC) is trading at approximately $81,926, reflecting a 3.69% decline from the previous close.
Market Context:
Technical Indicators: Bitcoin is approaching a "death cross," where the 50-day moving average crosses below the 200-day moving average, potentially signaling a bearish trend.
Macroeconomic Factors: Market sentiment is cautious due to uncertainties surrounding impending tariffs set to be implemented on April 4, 2025.
Analyst Insights:
Some analysts predict that Bitcoin could test support levels around $73,800 in the near term.
Conversely, others foresee a potential surge toward the $90,000–$95,000 range in April, driven by easing selling pressure and increased demand.
Conclusion:
Given the current market volatility and mixed analyst opinions, accurately forecasting Bitcoin's high for April 4, 2025, is challenging. Traders should monitor technical indicators and macroeconomic developments closely, exercise caution, and implement robust risk management strategies.
