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Sohrab Khawas
Sohrab Khawas
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Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Mar 17, 2025 10:13 UTC
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Bitcoin Price Forecast for April 2025: Will BTC Break $109K or Face a Pullback?
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BTC $ 84,651.32 (-0.33%) 
Bitcoin rebounded from the $80k support level, showing a weekly gain, but fear remains due to a drop in the Fear and Greed Index.
Whale investors, especially miners, are taking profits, and U.S. spot BTC ETFs are experiencing outflows, while exchange supply is increasing.
Technical analysis suggests a potential breakout to $109k from a falling wedge pattern, though a drop to $78k is also possible.
Bitcoin ended last week on a strong note, bouncing back from a key support level near $80,000. The cryptocurrency gained around 3% over the past week, reaching $83,720 during the mid-London session on Monday, March 17.
But while Bitcoin is showing signs of strength, the market remains on edge. The Bitcoin Fear and Greed Index has dropped to 32%, signaling growing uncertainty among investors. With large holders taking profits and key technical patterns forming, the next big move could be just around the corner.
Let’s take a closer look at the latest trends shaping the market.
Whales and Miners Take Profits
Many traders expect a strong Bitcoin rally in the coming months, but large investors, especially miners, have been selling. Over the past week, Bitcoin miners offloaded more than 1,000 BTC, while US spot Bitcoin ETF issuers recorded their fifth straight week of cash outflows.
At the same time, the amount of Bitcoin held on centralized exchanges increased by 2,783 BTC last week, bringing the total to about 2.22 million BTC. This suggests that some investors may be preparing to sell.
Can Bitcoin Break Out of Its Downtrend?
Since Donald Trump’s second inauguration as US president, Bitcoin has struggled to break free from a downward trend, repeatedly testing support above $80,000. Crypto analyst Captain Faibik believes Bitcoin is forming a falling wedge pattern on the daily chart, a setup that often leads to a breakout. If this pattern holds, Bitcoin could surge toward $109,000.
However, traders should be prepared for short-term volatility. Faibik warns that Bitcoin could dip to $78,000 before a major bullish breakout.
Bitcoin Network Continues to Expand
The Bitcoin network has grown significantly in the past year to over 42 million on-chain holders. The BTC network has seen its hashrate grow to over 764 EH/s following the ongoing mainstream adoption by institutional investors and nation-states led by the United States.
According to market data from Defillama, the Bitcoin network has around $5.5 billion in total value locked (TVL) and over 682k active addresses on its DeFi platforms.
Bitcoin is at a critical point. While fear is holding back some investors, historical price patterns and network growth suggest that a major breakout could be on the way.
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FAQs
Analysts expect BTC to rise toward $109K, but short-term volatility may push it down to $78K before a bullish breakout.
Some experts predict BTC could hit $1M long-term due to adoption, limited supply, and inflation, but volatility makes timing uncertain.
Yes 
No 
