Bitcoin, as a barometer of the crypto market, has sparked heated discussions due to its recent performance. In April 2025, BTC prices fluctuated at high levels, with market sentiment shifting between greed and caution. The effects of the halving cycle continue to ferment, competition in computing power intensifies, and miners face increased cost pressures, but on-chain data still shows that long-term holders maintain solid confidence. The uncertainty of the Federal Reserve's monetary policy and global economic fluctuations add variables to BTC prices. On the other hand, the pace of institutional adoption is accelerating, with stable ETF inflows indicating an increased recognition of BTC by mainstream finance. Technically, breaking through key resistance levels may determine the next trend. In the future, can BTC continue to set new highs? We shall see!