2025 Bitcoin Price Prediction: Why Bearish Efforts Might Not Prevent the Price of Bitcoin
Following the 2021 boom, conventional international markets started to have an impact on the price of Bitcoin and the cryptocurrency sector as a whole. In the meantime, the market’s overall trade dynamics have significantly changed since the institutions’ arrival. Since the price of Bitcoin appears to be confident of a future upswing, external influences appear to have little effect on it at this time.
A few days ago, US President Donald Trump sparked the “tariff war,” which caused the traditional and cryptocurrency markets to decline. The markets appear to have strengthened now that he has temporarily loosened the April 2 tariff proposal. However, given the new information about Mt. Gox, a new wave of market turbulence is anticipated. It is now concerning that the platform has transferred over 11,000 Bitcoin, valued at over $1 billion. Experts predict that a new wave of volatility might hit the cryptocurrency markets, which could lead to more selling pressure.
Mt. Gox has made similar actions before. Previously, the creditors showed a great deal of faith in the future price trend when it started its rehabilitation program. Consequently, there was a slight and transient impact on the price of Bitcoin. Furthermore, the state of the market indicates that the present move might not affect the price as well.
Now the question arises: Will Bitcoin’s (BTC) price close the quarterly trade above $90,000?
The price of Bitcoin has entered a safe area between the 50-day and 200-day MAs, which are serving as powerful resistance and support levels, following its ascent over the 200-day MA. Additionally, the Ichimoku baseline is serving as support, with a bullish crossover anticipated in the coming days. Only if the price keeps making higher highs and lows and eventually hits the 50-day MA near $90,000 might this occur.
In the meantime, despite the incredibly slow pace, the RSI is still high. However, the MACD indicates an increase in buying pressure, even though the levels are still in the negative range. Therefore, unless the RSI breaks above 65 and the MACD rises to the positive range—which requires a significant increase in buying volume—no bullish confirmation can be confirmed. As a result, the next month’s closing may be crucial since the volume increase could spark a robust upward trend.this Article originally published on coinpedia
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