Bitcoin Price Prediction: After 32% Crash, Can BTC Hold Above $73,550 This Month?

Bitcoin’s market turbulence continues as the BTC price drops sharply due to escalating global tensions. In the past two months, Bitcoin has seen a plunge of over 32% from its yearly highs. Market fear is increasing with the trade war between the US and China reappearing. Analysts, referencing the Bitcoin Price Forecast April 2025, reveal key support levels and future price trajectories.

Global Tensions Spark Fresh Bitcoin Sell-Off

The Bitcoin decline happened especially after China responded to new US tariffs. Financial markets plunged after Donald Trump announced a 50% tariff increase on Chinese goods. The Bitcoin bearish sentiment has been amplified, as shown by the crypto fear and greed index dropping to extreme fear levels.

Adding fuel to the fire, Bitcoin ETFs have reported net outflows for four consecutive days. Investors’ flight from risky assets is evident, particularly with the BTC price moving below key technical support levels. The Bitcoin price prediction suggests continued downward pressure unless significant market stability returns.

Technical Breakdown: Bitcoin’s Key Support Zones

Technically, Bitcoin has broken key levels on the weekly chart. After forming a double-top at $108,520, Bitcoin broke below the neckline at $89,050, confirming the BTC plunge. The price also fell under the 23.6% Fibonacci Retracement. The 50-week EMA, strengthening the case for a prolonged Bitcoin bearish sentiment.

Chart 1 – Provided by crispus9, published on TradingView, April 9, 2025.

Further analysis shows that the next major target is $73,550. This level coincides with the handle section of the C&H pattern, a possible bullish retest if sustained. However, if Bitcoin loses this support, the next level appears near $62,530, the 50% retracement level. A bullish reversal would only be validated if the BTC price surges past $87,000.

In terms of moving averages, the 50-day is trending upward but currently sits above the spot, acting as resistance. The 200-day moving average has been inclining upward since September 2024, suggesting the broader trend remains intact unless broken. No strong divergence in the MACD histogram hints at immediate reversal signals, reinforcing a cautious approach.

Daily Bitcoin Price Forecast and Weekly Outlook

As per the Bitcoin price forecast April 2025, Bitcoin will slowly stabilize with minimal increase on the horizon. Forecasts suggest that Bitcoin can be seen swinging around $75,259.04 on the 9th of April, followed by $75,269.10 on April 10th. The April 16 forecasted value would be $75,329.49, showing a gradual but slight gain.

The predictions provide some middle ground for the Bitcoin bearish sentiment. However, the daily volatility is high, with each new geopolitical shockwave having the potential to affect the BTC price quickly. Market participants are advised to monitor global economic developments closely.

Final Thoughts: Bitcoin’s Path Ahead—Volatile but Hopeful

The current Bitcoin price prediction portrays a market at a critical juncture, with global tensions and technical breakdowns causing rapid fluctuations. Even if the BTC plunge shook short-term holders, the underlying long-term structure continues to provide opportunities if support levels are maintained.

Due to the prevalent Bitcoin bearish trend, there is a need for traders to be cautious and monitor daily predictions. The April 2025 Bitcoin price prediction reveals a minimal positive trend, though volatility will be pushed to its limits repeatedly. As the BTC price approaches key support zones, a careful strategy could make all the difference in navigating this volatile phase.