News View Non-AMP

Bitcoin Price Analysis: Will BTC Break Resistance or Face Rejection?

Published by
Qadir AK

Bitcoin has dropped 10.64% since the start of the year. In January, it briefly hit a record high of $109,586.27, but the month ended with a modest 9.54% gain. February saw a steep decline of -17.5%, likely due to economic uncertainty caused by President Trump’s aggressive tariff policies. March brought some relief, with losses narrowing to -2.19%.

This month, Bitcoin has gained 1.30% so far. Yesterday, it made a strong push to break above two key resistance levels: a downward-sloping trendline and the 200-day Exponential Moving Average (EMA). Analysts believe that if Bitcoin closes above these levels, it could trigger a strong bullish rally and end the current bearish trend.

A Day of Sharp Swings

Bitcoin surged to $88,513.25 yesterday but dropped sharply, closing at $82,530.38. This created a long bearish candlestick, signaling strong selling pressure.

Right now, the 200-day EMA is at $85,417.58, just 2.23% above Bitcoin’s current price. The downward-sloping resistance line is also converging near this level, making it a critical resistance zone.

If Bitcoin rises just 2.23% more, it could break through both key levels. So far today, the price has climbed 1.36%, bringing it closer to a potential breakout.

Will Bitcoin Finally Break Out?

Experts believe a confirmed close above these levels could start a bullish rally. However, if Bitcoin fails to break through, the bearish trend may continue.

With economic uncertainty easing, analysts suggest that investors who moved to safer assets like gold may return to Bitcoin. If the breakout happens with strong trading volume, it could confirm renewed bullish momentum in the market.

FAQs

How does Trump’s tariff plan impact Bitcoin?

Economic uncertainty from Trump’s tariffs may have led to BTC’s -17.5% decline in February, as investors sought safer assets.

Bitcoin a better investment than gold right now?

Experts say fading economic uncertainty may push investors back into BTC, but breaking resistance is key for a bullish trend.

How much will 1 Bitcoin cost in 2025?

As per Coinpedia’s BTC price prediction, 1 BTC could peak at $169,046 this year if the bullish sentiment sustains.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Helium Network Announces Strategic Partnership With AT&T: What Next for $HNT Price?

The AT&T subscribers can connect to Helium’s community-built Wi-Fi network. The Helium network has grown…

April 25, 2025

Ethereum Price Prediction 2025: ETH Price May Trigger a 10x Rally, if This Trade Setup Plays Out Well

The crypto markets are experiencing a powerful bullish wave, highlighted by Bitcoin’s breakout and a…

April 25, 2025

What’s Next for the Chainlink (LINK) Price-Will it Reclaim $20 Before the End of the Month?

The recent rise in the bullish momentum has elevated the markets above the bearish captivity…

April 25, 2025

Coinbase Inks Strategic Partnership With PayPal to Enable Mainstream Adoption of PYUSD Stablecoin

The PayPal USD (PYUSD) stablecoin is fast approaching the $1 billion market cap milestone. The…

April 24, 2025

Cardano (ADA) Enters a Decisive Phase:  Will a Golden Cross Trigger a Move Above $1?

The crypto market is in a pivotal phase, marked by trend reversals, mixed short-term performance…

April 24, 2025

MultiBank (MBG) Token Analysis: A Standout Opportunity in the CEX Token Landscape

After examining the major centralized exchange tokens like BNB, OKB, CRO, and others, MultiBank's MBG…

April 24, 2025