After reaching an all-time high of $109,000 in January 2025, Bitcoin struggled to sustain its momentum, hovering around $100,000 before plunging following former President Donald Trump’s announcement of 25% tariffs on Colombian and Chinese imports.
In the past 14 days, Bitcoin has fallen 14%, now trading at $84,353, while trading volume has dropped 10.41% to $28.7 billion. This decline is primarily driven by escalating trade tensions and macroeconomic uncertainty, with global market instability continuing to weigh on investor sentiment.
The Bullish Case
Despite recent volatility, analysts remain optimistic about Bitcoin’s trajectory in 2025, with predictions suggesting a surge to $100,000 in April and a potential climb to $180,000 by year-end. This outlook is largely driven by growing institutional interest as financial players like BlackRock, Fidelity, and Ark Investment continue to pour money into Bitcoin ETFs.
Furthermore, Coinglass data shows that over the past seven days, total Bitcoin ETF volume reached $125.08 million, with a market capitalization of $100.98 billion and total assets under management (AUM) of $102.06 billion. Notably, the ARK 21Shares Bitcoin ETF led the growth among ETFs, posting a 5.31% increase, while options open interest is up by 1.67% at $36.30 billion.
Beyond ETFs, publicly traded companies are increasing their Bitcoin holdings, signaling long-term confidence. MicroStrategy remains the largest corporate Bitcoin holder with 506,137 BTC, followed by MARA Holdings with 46,374 BTC and Riot Platforms with 18,692 BTC, further reinforcing Bitcoin’s role as a strategic asset.
On the legislative front, Bitcoin’s status as a treasury asset is gaining momentum at the state level, with Oklahoma recently passing the Strategic Bitcoin Reserve Bill, joining Texas, Arizona, and Utah in integrating Bitcoin into their financial frameworks.
However, for Bitcoin’s bullish momentum to continue, it must break through key resistance levels at $90,700 and $95,000. A decisive move above these zones could reignite buying pressure and push BTC toward new highs.
The Bearish Case
While many remain bullish on Bitcoin, some analysts caution that headwinds could lead to a correction or extended sideways movement in April. The Bull Score Index, a key measure of market strength, has dropped to a two-year low of 20, signaling potential structural shifts that may limit Bitcoin’s upside.
Polymarket also reflects skepticism, assigning a 61% probability that BTC will reach $110,000 but showing little confidence in sustained growth beyond that level. Additionally, if Bitcoin fails to regain momentum, analysts identify $73,800 and $70,000 as key support zones that could come into play.
Further adding to uncertainty, we recently reported that Donald Trump’s Global Reciprocal Tariffs are set to take effect on April 2 and could increase volatility across financial markets, drive inflation, and disrupt supply chains, making it risky for assets like Bitcoin. However, reports suggest Trump may soften his stance, which could help ease investor concerns and provide some relief for Bitcoin’s price action.