The cryptocurrency market is on the verge of ending April 2025 positively. According to reports, the crypto space has experienced significant volatility in April. Some key reasons include Trump’s trade war, global market instability, and regulatory delays.
Notably, this caused Bitcoin's price to drop to a monthly low of $74,436. However, as the market regained its upward momentum, BTC successfully broke through a critical resistance level and surpassed the $95,000 mark, increasing by 27.62% within 20 days.
With this, investors and researchers have regained their confidence in the Bitcoin crypto token in both the short-term and long-term outlooks. Are you one of the many here to explore the monthly Bitcoin price prediction? Look no further, as in this article, we bring you the technical and on-chain situation of this crypto token.
Monthly Performance of BTC April 2025
The on-chain sentiment of the Bitcoin token has recorded a positive change in recent days. This indicates increasing buying-selling pressure on it in the market. Now let’s examine the technical data of Bitcoin.
Although the number of active addresses on the Bitcoin Network decreased to 20.55 million in April from 23.28 million in March, BTC still recorded its highest monthly increase this month in 2025. This highlights increased activity from whales regarding the largest cryptocurrency token.
While the price of the BTC token continues to rise, Bitcoin reserves on exchanges are dropping to new all-time lows (ATL). This indicates an increase in the accumulation of this digital asset by investors. According to technical factors, lower exchange reserves usually imply a higher number of holders and investors in the cryptocurrency community.
The Bitcoin ETF has witnessed 20 active trading days this month (as of April 29). During this time, the BTC ETF recorded 11 positive days, while 9 negative trading days and no neutral days. This brings the positive cash flow ratio to 55%. Notably, as the market is recovering, the largest cryptocurrency fund has seen cash inflows over 7 days.
When combined with the net cash flow of 9 negative days, the Bitcoin ETF lost $1,205.54 million. Conversely, during the 11-day positive cash flow period, it gained a total of $4,054.5 million. With this, the net cash flow of the Bitcoin ETF for April 2025 is +$2,848.96 million.
This highlights a significant increase in the optimistic sentiment regarding Bitcoin prices. Now let’s delve into the potential monthly BTC price forecast.
Is Bitcoin on the Path to Reclaiming the $100,000 Mark?
The price of the BTC token has shown a strong bullish reversal over the past week. According to reports, the cryptocurrency industry experienced a major setback in the first three weeks following Trump’s trade war with China. However, Bitcoin's price surged over 10% in its valuation, leading it to end the month on a positive note.
The Relative Strength Index (RSI) continues to fluctuate around the overbought range on the daily time frame. On the other hand, its average trend line is continuously rising, indicating a positive outlook for Bitcoin prices in the coming weeks.
The MACD indicator has recorded a continuous decline in the green chart. However, its 12 & 26-day EMA trend levels have witnessed a bullish pattern in the BTC price chart. This suggests a potential reversal of the bullish trend for the largest cryptocurrency by market capitalization.
How high will BTC prices rise?
Assuming the bullish sentiment persists in May, this could lead Bitcoin prices towards the $100,000 mark. Furthermore, if the bullish sentiment strengthens further, it may prepare to retest a higher price target of $105,000.
Conversely, a liquidation spike could pull the price of this cryptocurrency token back to the critical support level of $90,000. Moreover, if the bears dominate the bulls or uncertainty increases, BTC prices could drop to a low of $86,000 or retest lower levels in May.
