Bitcoin virtually created the cryptocurrency market and has since been the standard bearer. As it rises and falls, so too does the cryptocurrency market as a whole. Industry professionals whose job it is to watch the daily movement of the coin are in disagreement about the coming future of Bitcoin.
Cryptocurrency news is constantly abuzz with happenings in both the cryptocurrency and Bitcoin markets. With the recent bump up in Bitcoin price to roughly $83,000, there are some that look past the recent loss in value to see a potentially bullish run coming during 2025. Are they on to something or merely hopeful?
Market Consolidates at $83K
As anyone who has even peripherally followed Bitcoin or cryptocurrencies knows, the market is volatile. Movement is part of the game, and it can sometimes be dramatic. After Bitcoin recently peaked near the $94,000 mark, it settled back down to roughly $81,000.
Many felt that a corrective phase was in play, but Bitcoin has rebounded, the market consolidating at around $83,000. This suggests that buyers are still active around the lower boundary, but the spike also underscores the potentially aggressive selling pressure.
That selling pressure could be indicative of a failure to maintain current levels, inviting a further pullback. After all, the Bitcoin market suffered an 11% drop in value across the first quarter of 2025. Since January alone, Bitcoin slid roughly 24% from its record high to begin the year.
A number of factors were at play, including crypto policies implemented by the Trump regime, profit-taking, and the ongoing trade tariff saga.
Technical Indicators
Oscillators – a pivotal piece of technical analysis going back to the early 20th century – play an important role when analyzing the Bitcoin market. Oscillators observing the cryptocurrency market presented a sentiment somewhere in the middle, mixed-to-neutral.
Stochastic sat at 31, the relative strength index (RSI) at 45, the average directional index (ADX) at 20, the commodity channel index (CCI) at -75, and the awesome oscillator are all reading in neutral territory.
There was one standout indicator to buy, the moving average convergence divergence (MACD). This metric suggests that there is potentially a pending reversal when it comes to Bitcoin’s momentum in the near- and long-term future.
Political Moves Impacting Bitcoin
There have been both positives and negatives surrounding the second term of President Donald Trump. He has spoken publicly of late about eliminating the Federal Reserve and subsequently investing in cryptocurrency – Bitcoin, in particular – heavily in the near future.
Trump announced that his goal was to create an official government cryptocurrency reserve, which has drawn heavy criticism from major watchers within the industry. Trump signed an executive order to create what he called a “Strategic Bitcoin Reserve.” Funds will be stocked using coins that have been forfeited to the federal government as part of civil or criminal proceedings.
Additionally, Trump’s two oldest sons – Donald Trump Jr. and Eric Trump – have announced that their company will merge with and take a 20% stake in American Bitcoin. The Bitcoin mining operation is currently majority-owned by miner Hut 8.
This is the latest deal that adds to a host of ventures within the crypto market all backed by Trump in recent months. This includes World Liberty Financial, a decentralized finance project, as well as the memecoin $TRUMP.
Since taking office for his second term, Trump has been mostly pro-crypto, even naming a variety of pro-crypto candidates for key regulatory positions, including the Securities and Exchange Commission (SEC). His policies, including establishing the aforementioned reserve, haven’t done much to support crypto prices yet, however.
Crypto Bull Run Coming?
April 8th is what some experts claim will be the next bull run on cryptocurrency. Julian Bittel, Head of Macro Research at GMI and prominent macroeconomist, speculates that the crypto market will bottom out in the first week of April, beginning a bullish reversal.
Other analysts have also highlighted the correlation between Bitcoin and global liquidity. The Global M2 money supply has been a very accurate predictor when it comes to Bitcoin’s price trajectory, though there is a 12-week lag between them.
The Global M2 supply faced a substantial drawdown during the fourth quarter of 2024, leading into the bearish crypto market across the first quarter of 2025. After bottoming out in December, the M2 saw a major bullish reversal, hitting a new all-time high during the month of March. Experts, because of this, believe that Bitcoin will hit a bottom before paving the way for a bull run in April.
Bitcoin’s relative stability in the face of Trump-issued tariffs also has experts feeling positive. Despite being down 6% at the very end of March, Bitcoin remains a resilient option. Holding at or around the $81,600 support level has been key.
Finally, there is one other Bitcoin trend that bears noting. Bitcoin broke above its descending RSI trendline in the opening days of April. So long as the trend continues, it is estimated that a breakout is coming.
Altcoins should also see a major bull run, especially among top performers. Experts feel that Ethereum (ETH) is tethered to Bitcoin, and could begin to see a push upward, even challenging a new all-time high. Pepe and Solaxy (SOLX) are also plays that have been gaining momentum and popularity.
Bull Market Argument
Those in support of a potential bull run for the Bitcoin market believe that the key lies in the support zone of $81,000 to $83,000. Historically, that support zone has attracted buyers through a variety of timeframes. That zone provides enough reliability to attract buyers in the short term.
With a confirmed reversal pattern of a bullish engulfing candle or a double bottom – plus a bullish crossover in the moving average convergence divergence (MACD) – there could be a short-term rally triggered that pushes Bitcoin toward $85,000 with a potential retest in the $88,000 to $90,000 resistance range. Anything above that mark would signal a clear renewal in momentum.
Bear Market Argument
Those in argument of a bearish market can retain control so long as the coin remains below the cluster of moving averages. This activity would signal a sell bias from short-term trends to something more long-term. A breakdown below the $81,000 support zone could potentially invalidate bullish setups.
That invalidation would open up a path to lower liquidity zones, potentially in the $76,000 to $78,000 range. Repeated rejections and heavy red volume around the $84,000 to $85,000 range seem to suggest that sellers are still in control of short-term momentum.
Show of Strength in the Face of Tariff Crash Shows Promise
Though Bitcoin always has the potential to move significantly, there is one promising factor. In the face of recent tariffs issued by Trump – called Liberation Day – nearly every financial asset has faced significant selloffs. U.S. stocks are down massively, with both the NASDAQ and S&P 500 sliding around 5-6% each.
Despite that, and the fact that Bitcoin is down roughly 6% from its high of just a few days ago, it has shown resilience. That resilience as impressed investors, especially given the fact that Bitcoin continues to trade above the support level of $81,600. If Bitcoin can breach the descending price trendline, we may see an official bull market once again.
