Bitcoin Price Expectations for April 2025: Analysis and Forecasts
In the lead-up to April 2025, Bitcoin’s price sits at $87,208, having increased by 10% recently. While there’s potential for upward movement, bearish sentiment among traders poses risks. Analyst Julio Moreno forecasts a possible bounce in April, citing declining selling pressure, yet warns of prevailing market fears that could trigger further declines.
As April approaches, traders are carefully observing Bitcoin’s performance to determine if it can sustain its current upward momentum or experience further volatility. Currently, Bitcoin is trading at $87,208, reflecting a notable 10% increase over the past two weeks. The anticipated broader market recovery could bolster Bitcoin’s demand, potentially leading its price to revisit the $90,000–$95,000 range.
In recent weeks, Bitcoin commenced March with significant bullish momentum, reaching a peak of $96,484 on March 2. However, a shift in market sentiment resulted in profit-taking, causing the price to dip to a four-month low of $76,642 by March 11. Following this, Bitcoin has rebounded, supported by renewed demand and a recovery in the broader market. Currently, Bitcoin is positioned within an ascending parallel channel, suggesting a gradual increase in price driven by intensified buying momentum.
Julio Moreno, Head of Research at CryptoQuant, expressed confidence in this optimistic outlook, stating, “There could be a bounce for the price of Bitcoin in April, as selling pressure from traders ease.” Moreno has scrutinized Bitcoin’s Realized Profit/Loss Margin, noting a steady decline since the year’s onset. This decline indicates that investors are realizing fewer profits, thereby reducing their motivation to sell, which may subsequently alleviate selling pressure and facilitate price increases in the upcoming weeks.
However, the prevailing bearish sentiment among traders remains an important factor. Moreno indicated, “Overall market sentiment remains bearish, as seen in CryptoQuant’s Bull Score Index, which touched 20, the lowest since January 2023.” Historically, Bitcoin tends to experience sustained price increases when the Bull Score exceeds 60, while ratings consistently below 40 are often linked to bear market conditions. The Crypto Fear and Greed Index currently reads at 40, signifying market fear, which correlates with heightened selling pressure and potentially declining Bitcoin prices.
At present, Bitcoin’s price is at $87,208, with a 2% increase over the last week. The Relative Strength Index (RSI) for Bitcoin sits at 51.48, indicating a slight resurgence in demand. The RSI is an important metric that assesses market conditions; with the current value, it suggests a budding bullish momentum. If demand continues to grow, Bitcoin may target a price of $89,434. A successful breach of this resistance could lead to a rapid ascent toward $93,478. Conversely, should selling resume, a decline to $77,114 may occur.
In summary, as April draws near, Bitcoin’s price dynamics are under intense scrutiny. While there is potential for upward movement due to recovering market conditions, traders remain wary of persistent bearish sentiment that could influence selling pressure. Moreno’s analysis suggests a cautious optimism about potential price bounces, but historical data indicates significant volatility could still arise. Continued monitoring of market indicators such as the Bull Score Index and RSI will be essential for assessing Bitcoin’s trajectory in the coming weeks.
Original Source: beincrypto.com
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