When $100k Bitcoin Again ?$BTC
๐๐จ
As of April 14, 2025, Bitcoin (BTC) is trading around $84,724, showing a modest 0.32% increase for the day.
Barron's
๐ Technical Overview
Bitcoin's price action remains within a downtrend, characterized by lower highs and lower lows. Key technical levels include:
Support: $73,000 is a critical level; a drop below could lead to further declines toward $62,500.
Resistance: $88,800 is a significant resistance; a breakout above this level could signal a shift in market sentiment.
The Relative Strength Index (RSI) is hovering between 50-60, indicating neutral momentum.
Binance
๐ Market Sentiment & Predictions
Market sentiment is cautious amid global trade tensions and economic uncertainties. Analysts suggest that Bitcoin's trajectory will depend on macroeconomic developments:
Bullish Scenario: A resolution in trade tensions could propel Bitcoin toward $133,000.
Barron's
Bearish Scenario: Escalating trade conflicts may push Bitcoin below $73,000, with potential declines to $55,000โ$57,000.
MarketWatch
๐ฎ Price Forecasts
Predictions for Bitcoin's price vary:
April 2025: Expected to range between $74,427 and $98,383, averaging around $85,036.
Long Range Weather Forecasts
End of 2025: Potential to reach $110,000, with some forecasts suggesting up to $200,000.
CoinDCX
๐ Conclusion
Bitcoin is currently in a consolidation phase, with critical support at $73,000 and resistance at $88,800. Traders should monitor these levels closely, as movements beyond them could indicate the next significant trend.
Bitcoin Faces Volatility Amid Trade Tensions
