According to recent market data, Bitcoin price from April 2, 2025, is seen recovering from the recent market fluctuations. It has successfully crossed its price and has risen above $84,000. This price momentum counts the Bitcoin’s recovery from its first quarter decline.
However, it’s still uncertain whether it can break and pass the resistance level of $85,500 and reach its higher level of $90,000. Whereas Crypto investors and analysts are closely looking for signs of the next big trend in the crypto industry.
Bitcoin Price Struggles Near Key Resistance
According to recent data, Bitcoin is trading around $84,300 on April 2, which is 2% lower than its March opening, which was at the price of $84,430. In the past couple of days, Cryptocurrency has fluctuated between $81,629 and $ 85,487, which shows signs of resilience and hesitation
Crypto analysts suggest that Bitcoin is struggling around the key resistance zone, which is between $85,500 and $85,850. BTC might rise of it break this range and could reach to $88,000 or even $90,000. But if it fails to maintain the current momentum, it might drop back to $83,500 or even to $82,000.
US Economic Factors and Their Impact on Bitcoin
One of the main reasons behind Bitcoin’s recent price change is the uncertainty of US economic policies. Investors are keeping close watch, as President Donald Trump is planning to introduce new trade tariffs. This economic impact has created mixed feelings in the financial market, with some investors seeing Bitcoin as a way of protection against economic instability.
Market analysts Nic Puckrin suggest that Bitcoin’s price might be affected by the upcoming tariff changes. He also warns that US might get close to recession because of trade disputes and economic concerns, this might affect the risk assets like BTC.
Bitcoin’s Movement Resembles 2017 Bull Run
Some analysts have compared Bitcoin’s current movement with its 2017 bull run. Back then, Bitcoin price was settled for months at around $4,000 before rising suddenly to around $20,000. BTC might have a big breakout if it happens again.
The CEO of Coin Bureau said on X that the market feeling of today’s economy is quite similar to 2017, suggesting that BTC might be preparing for another big rally. Though, he warned that microeconomic factors like regulatory developments and institutional adoption, will have a big impact on Bitcoin’s future.
Investor Sentiment and Market Trends
A big sign that interest is rising in Bitcoin is the Coinbase BTC premium Index, which is positive for the first time in 2025. This shows that more investors are purchasing the coin, mostly as a protection against economic uncertainty. In the past, Coinbase’s rising premium has usually led to an increase in Bitcoin price.
Additionally, Reddit’s r/Cryptocurrency communities discussion shows mixed opinions. Some believe that Bitcoin is getting ready for a breakout, while other warns that the market is still unpredictable and is influenced by macroeconomic factors.
Conclusion
BTC is currently at a crucial point; if it breaks and moves about the level of $85,500, it might reach $90,000 but failure might cause a drop. Sentiments of investors are mixed, because of US economic uncertainty. Traders must watch market trends and news closely.
FAQs
1. What is the current Bitcoin price?
The current Bitcoin price is around $84,335.
2. Will Bitcoin repeat the 2017 history?
Crypto Analyst thinks Bitcoin will follow a similar price pattern to that of 2017
3. What causes Bitcoin to stay below $85.5K?
High selling pressure and market doubts impact Bitcoin’s price.
Glossary
Resistance Level- It’s an important point where Bitcoin struggles to rise.
Support Level: A price point where Bitcoin stops falling
Bull Run: A peak period when the Bitcoin price rises.
Selling Pressure: More users selling Bitcoin, causing its price to drop
Market Sentiment: How investors feel about price.
Sources
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
For advertising inquiries, please email . [email protected] or Telegram
