$BTC has escaped the downtrend

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Recent posts on X have shown optimism about Bitcoin breaking the downtrend since January 2025, when it reached an all-time high of $109,350 on January 20, 2025, before declining. For example, some users have noted that BTC has broken through the downtrend line on both horizontal and diagonal charts, signaling potential bullishness. On April 15, 2025, the price of Bitcoin was recorded to fluctuate around $84,000–$85,000, with some predicting that if the upward momentum continues, it may test the $90,000 level or higher.

However, market sentiment remains cautious. Macroeconomic factors such as inflation, rising interest rates, and concerns about trade wars are making investor sentiment susceptible to change. Nevertheless, technical indicators like RSI and MACD show short-term bullish signals, with the possibility that Bitcoin could reach $113,674 by the end of April 2025 if it breaks through the resistance range of $99,000–$100,000. If not, the important support level lies at $80,000–$85,000, and failing to maintain this range could lead to further selling pressure.