As of April 12, 2025, Bitcoin (BTC) is trading at approximately $83,478, reflecting a modest intraday gain of 1.4%.
📉 Market Overview
Bitcoin has experienced a notable decline from its all-time high of $109,225 in January, marking a decrease of about 29%. This downturn is largely attributed to escalating global trade tensions, particularly between the U.S. and China, which have heightened market volatility and dampened investor confidence. MarketWatch+1MarketWatch+1Reuters
Technical indicators suggest a bearish trend, highlighted by a "death cross"—where the 50-day moving average falls below the 200-day moving average—indicating potential for further declines. Key support levels to monitor include $74,000, $65,000, and $57,000.Investopedia
