The cryptocurrency market has been undergoing a period of consolidation, notably ahead of the declaration of new tariffs by U.S. President Donald Trump on April 2, 2025.
Following this, the broader U.S. markets experienced significant disruptions, with the highest tax hike since 1968 causing widespread uncertainty. Despite this, the crypto market, including Bitcoin, has shown resilience with only minor pullbacks. These movements suggest that a potential bull run could be on the horizon, especially if Bitcoin breaks through certain key levels.
Bitcoin, in particular, has been holding strong at a critical support level of $81,017 for nearly a month.
This indicates that bullish sentiment still exists among investors, despite the overall market turbulence. However, pushing the price above the significant resistance zone at $85,000 has proven challenging due to restricted buying pressure. As things stand, Bitcoin could experience a minor pullback toward the $80,000 mark, which could be a defining moment for its price action in the near term.
Current Bitcoin Price Action and Market Sentiment
In the short term, Bitcoin faces a clear resistance zone between $83,500 and $83,800, with the bears attempting to squeeze the price downward. The current price action suggests that Bitcoin may struggle to break through this resistance level, potentially leading to a retreat closer to the $80,000 support zone. This level is critical for the bulls, as it could provide the foundation for a potential rebound. However, if Bitcoin fails to hold the $80,000 level and drops further, it may trigger a significant breakdown, pushing the price toward the $77,000 range.
For the bulls to take control, the price must decisively break above the resistance zone. If Bitcoin manages to surge past this crucial range, it could signal the start of a bullish trend that might carry the cryptocurrency back toward its previous highs.
The Possibility of a Bitcoin Bull Run in 2025
The overall health of Bitcoin’s market can be assessed using the realized price, a metric that tracks the economic state of the market. A rise in the realized price oscillator indicates that Bitcoin’s price is increasing faster than the number of coins being moved on the platform, a sign of growing demand. However, the current market dynamics suggest that Bitcoin’s price has dropped below the realized price, which adds bearish pressure to the market.
Bitcoin has historically shown strength during certain events such as ETF approvals, halvings, U.S. elections, and the inauguration of a new president. As of now, the price is below its previous realized price, but there is still potential for a shift. If Bitcoin can regain momentum and rise above the realized price level of $93,300, a long-term bullish continuation could be in the cards.
Reaching these levels would indicate that Bitcoin is prepared to resume its bull run, potentially setting the stage for a new all-time high (ATH). Investors and analysts are keeping a close eye on these levels, as they represent key turning points for Bitcoin’s future price action.
Conclusion
The upcoming days are critical for Bitcoin’s price trajectory. While the cryptocurrency market faces considerable challenges, including macroeconomic factors and the ongoing uncertainty around U.S. tariffs, Bitcoin’s performance at key support and resistance levels will determine whether it can continue its bullish trend. Investors are waiting for Bitcoin to break the $85,000 resistance and reclaim its position above the realized price to confirm a possible bull run toward new all-time highs in 2025.
Post Views: 6
