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Bitcoin price continued to trade with high volatility on April 3, 2025. The world’s largest cryptocurrency moved within a broad range, influenced by global economic developments and technical patterns. Bitcoin's performance this week has sparked debate among analysts regarding the strength of the current market trend and what lies ahead.
Bitcoin traded around $83,096 on April 3, showing a marginal intraday decline. The price fluctuated between a low of $82,162 and a high of $88,398. These sharp swings reflected the heightened market sensitivity to global financial developments. On April 1, Bitcoin had jumped by over 3%, closing at $85,170 after opening at $82,530. However, by April 2, bears had regained control, pulling the price back to $82,490 with a 3.14% decline.
This tug-of-war between buyers and sellers demonstrated market indecision. Short-term traders attempted to capitalize on volatility, while long-term holders assessed macroeconomic signals and on-chain data.
Technical analysts closely watched a key development — the potential formation of a “death cross.” This pattern forms when the 50-day moving average drops below the 200-day moving average. Historically, traders view this as a bearish signal that could precede deeper corrections. Currently, Bitcoin’s 50-day average hovers just about $2,000 above the 200-day average, bringing the two indicators dangerously close.
If the crossover materializes, algorithmic trading models may trigger additional sell-offs, increasing downward pressure. However, some traders remain unconvinced that the death cross alone will dictate the market’s direction. Instead, they recommend monitoring support levels near $80,000 and resistance near $88,000 for near-term clues.
Outside technical charts, global macroeconomic trends added fuel to Bitcoin’s volatility. On April 2, the U.S. government announced sweeping new tariffs targeting several trading partners. President Donald Trump signed a 26% tariff on selected imports from major economies, triggering fears of a renewed global trade war.
Traditional equity markets responded negatively to the news, and risk sentiment shifted. Traders moved away from tech stocks and volatile assets. Bitcoin, despite its status as a decentralized currency, could not escape the ripple effects. The new tariffs threatened global liquidity conditions, and traders adjusted their portfolios accordingly.
The cryptocurrency market reacted swiftly. Bitcoin sold off on concerns that tighter global trade conditions might reduce capital inflows into risk assets. Meanwhile, altcoins also declined, with Ethereum and Solana falling alongside Bitcoin.
Market experts provided differing opinions about Bitcoin's direction. Some remain bullish, emphasizing the structural growth in the cryptocurrency space. Anthony Scaramucci, who manages a leading crypto fund, predicted that Bitcoin could reach $200,000 by the end of 2025. He based this target on increased institutional participation and diminishing supply.
Arthur Hayes, the co-founder of BitMEX, projected an even more aggressive target of $250,000. He argued that a shift in U.S. monetary policy toward quantitative easing would push Bitcoin to new highs. According to Hayes, if the Federal Reserve lowers interest rates or resumes bond-buying programs, investors will seek inflation-resistant assets like Bitcoin.
However, others advised caution. Technical analysts pointed to bearish signals forming across multiple timeframes. The weekly RSI (Relative Strength Index) has cooled down significantly, reflecting waning bullish momentum. Bitcoin also continues to face resistance around the $88,000 level, failing to break through despite repeated attempts.
Institutional interest in Bitcoin remains robust, but cautious. Large wallet addresses have not significantly increased their holdings over the past week. Instead, accumulation has slowed, suggesting that major investors are waiting for stronger confirmation before deploying capital.
On-chain data also revealed interesting trends. Exchange reserves have increased slightly, indicating that some holders may consider selling in the short term. Meanwhile, the Bitcoin hash rate remains strong, signaling healthy network fundamentals.
Miners continue to hold most of their rewards, suggesting confidence in long-term prices. However, if Bitcoin drops below the psychological support of $80,000, even miners may feel pressure to liquidate some assets to cover operational costs.
In 2024, Bitcoin decoupled from tech stocks and tracked gold more closely during periods of macroeconomic stress. This correlation has weakened slightly in 2025. Bitcoin now responds more independently, with investors treating it as both a speculative asset and a store of value.
The Nasdaq Composite and S&P 500 experienced volatility this week, reacting to the U.S. tariff announcement and concerns about corporate earnings. Bitcoin mirrored some of that nervousness but held firmer than many expected. Some traders interpreted this as a sign of resilience in the crypto market.
Technically, Bitcoin now tests critical support near $82,000. If it breaks below this level, the next major floor lies around $78,000, followed by $74,000. On the upside, bulls must push BTC above $88,000 and sustain a close above $90,000 to regain control. A breakout above $92,000 could trigger a new leg toward $100,000.
Volume analysis suggests that momentum remains weak, with no significant spikes in buying activity. Until stronger volume supports price movement, Bitcoin may continue to consolidate in its current range.
Bitcoin enters April 2025 at a critical juncture. The price struggles to maintain upward momentum as global trade tensions rise and technical indicators point to uncertainty. Analysts continue to debate whether the cryptocurrency prepares for a bullish breakout or a deeper correction.
Long-term projections remain optimistic, with targets ranging from $200,000 to $250,000. However, in the short term, traders must watch key support levels, technical indicators, and macroeconomic events closely.
Bitcoin's resilience will face further tests in the coming weeks. Market participants should stay alert to policy shifts, institutional flows, and global risk sentiment to anticipate the next move in this highly dynamic asset.
