According to the source, the Bitcoin price is struggling and is showing signs of weakness as it fails to stay above the key level of $83,000. Earlier this week, it briefly bounced back, but the prices were quickly pushed down again.
Investors were concerned due to this sudden drop, many investors are now wondering if BTC will crash soon, as there is ongoing global tension and economic worries.
Bitcoin Struggles to Hold Key Levels
As of April 8, 2025, the Bitcoin price dropped significantly to $74,300. This was recorded as the lowest price since been in five months. However, it tried to manage recovery and reached the value of $83,565. But it failed to stay above $83,000 for long. The expert believes that bitcoin should stay above the $80k range to keep growing further.
Currently, the Bitcoin price has reached above $80,000. The prices might even drop further if they drop below this level. Experts are closely watching the $80,000 level, as they believe that Bitcoin price might again drop to $71,000 or might even go lower to $65,000 if it fails to hold this level. According to Glassnode,$65,000 is a fair average price for Bitcoin.
Trump’s Tariff Pause Adds Temporary Relief
U.S. President Donald Trump made a decision on April 9 to pause the new tariff increases for 90 days; this gave temporary relief to global Markets. Though this helped Bitcoin price to rise by 7%, which pushed it above $82,000. However, experts believe that this good news might be short-lived.
Trump’s policy has also introduced a new 10% tariff on all countries except for China. But at the same time, he raised the tariffs on goods from China to a massive 125%; he blames it on China for not playing fair in global trade. In response to this, China increased the tariffs on American products and raised them to 84%, which made the trade fight between the two countries even worse.
According to QCP Capital’s telegram update, traders are expecting that China will hit back as it was targeted. They said that, as China is in the spotlight, everyone is waiting to see how it will respond. The firm warns that this recent rise in Bitcoin price might not last long and could be a bull trap.
Inflation and Interest Rates Pose More Threats
Along with trade wars, other economic problems are also putting pressure on Bitcoin. Problems like High inflation and the possibility of recession are making investors more careful. Hence, they are pulling out from risky assets like BTC and other Cryptocurrencies.
Bitcoin is acting like a tech stock, which means it is going up and down based on big economic news. The Consumer Price Index (CPI) April 10 report shows how much prices are rising in the U.S. If the prices are rising too fast, then investors might be worried and will sell their Bitcoin. But if the prices are lower than expected, then it might help Bitcoin to stay strong.
Conclusion
The future of Bitcoin price is still uncertain as it keeps on struggling to maintain its key price levels. Investors are closely watching as the global tension is continuously rising. Investors are remaining cautious, especially about the $80,000 key level, to see whether Bitcoin will remain strong or will drop further
FAQ
1. AT what price is Bitcoin currently trading?
Bitcoin is currently trading at $81,092.90 on April 11 2025
2. Why should Bitcoin stay above $80,000?
Staying above $80k is crucial for Bitcoin’s growth
3. Is the Bitcoin price stable now?
No, it is facing ups and downs.
4. Can Bitcoin fall below its current price of around $80K?
A few crypto analysts say the price may drop to $71K or even $ 65 K.
5. How did Trump’s tariff pause impact BTC price?
It gave quick relief and pushed BTC up.
Glossary
Bitcoin Price Level – A price range where Bitcoin often moves or stops.
BTC support Level – BTC price where the coin usually doesn’t fall below easily.
Resistance Level – A price where Bitcoin struggles to go higher.
Bull Trap – A quick price rise
Tariff – A tax on goods
Source
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.
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