As of April 12, 2025, Bitcoin (BTC) is trading at approximately $83,506, reflecting a modest intraday gain. The cryptocurrency is exhibiting signs of stabilization following recent market volatility.
However, Bitcoin's price remains significantly below its January peak of $109,225, indicating a continued bearish trend. Technical indicators, such as the formation of a "death cross"—where the 50-day moving average crosses below the 200-day moving average—suggest potential for further declines.
Key support levels to monitor include $74,000, $65,000, and $57,000, each aligned with past performance and trendlines. Resistance is expected around $87,000, where key moving averages converge.
Investors should remain cautious, as escalating trade tensions between the U.S. and China continue to impact market sentiment. The trajectory of Bitcoin’s price in the near future largely depends on how the tariff situation unfolds.
In summary, while Bitcoin shows signs of stabilization, market participants should stay vigilant amid ongoing macroeconomic uncertainties.