Sign Up on MEXC
Highlights
- Bitcoin price fell from $88,500 amid political and economic uncertainty, closing March down 1%.
- Trump’s tariffs and Paul Atkins’ congressional scrutiny fueled bearish sentiment, impacting market confidence.
- Institutional demand and ETF inflows may help Bitcoin recover toward $100K if key support levels hold.
Bitcoin price stabilized around $83,400 on March 31, on-course to closing the month at a mild 2% loss, Blackrock CEO, Larry Fink makes a bold prediction that could impact Bitcoin price forecast for April 2025.
Bitcoin enters April under bearish pressure as Paul Atkins Faces Congress Scrutiny
Bitcoin (BTC) is set to enter April 2025 with a mild 2% haircut for March despite positive price action in recent weeks.
Notably, BTC price had surged to $88,500 on March 25 before facing renewed bearish pressure as political uncertainty weighed on the market.
Former SEC Commissioner Paul Atkins’ congressional scrutiny sparked concerns that Trump’s pro-crypto policies could encounter resistance in the weeks ahead, which dampening investor in the last week of March.
Adding to the selling pressure, Trump’s newly proposed tariffs heightened macroeconomic concerns, driving risk-off sentiment across financial markets.
BTC is trading at $83,400 at press time on March 31, down 1% from the $84,400 opening price on March 1, as traders reassess their portfolio for Q2 2025.
BlackRock CEO Warns Bitcoin Could Rival U.S. Dollar as Reserve Currency if Debts surge from $478B to $952B
BlackRock CEO Larry Fink cautioned that the U.S. dollar’s dominance as the global reserve currency is at risk due to rising national debt and fiscal deficits.
At press time on March 31, the US Treasury has paid out $478 billion in interest expects since the start of 2025, according to the official data. Larry Fink has expressed concerns that this figure could nearly double before the end of the year.
In his annual letter to shareholders, the 72-year old Blackrock CEO warned that unchecked government spending could push investors toward Bitcoin as a safer alternative.
“The dollar’s position as the global reserve currency is not guaranteed… interest payments on government debt will exceed $952 billion this year, surpassing defense spending for the first time.”
– Larry Fink, March 2025.
Fink also acknowledged Bitcoin’s growing role in global finance, highlighting BlackRock’s spot Bitcoin ETF, IBIT, which has amassed over $50 billion in assets within the first 15-months of trading after the landmark SEC approval back in January 2024.
BTC Price Forecast: Can Bitcoin Reclaim $100K in April 2025?
Bitcoin price forecast signals are leaning neutral this week, having peaked at $88,500 on March 25 before the current bearish trend set after Trump hinted at deploying more tariffs.
Market sentiment tilted further negative as former SEC Commissioner Paul Atkins faced congressional scrutiny, raising concerns that Trump’s pro-crypto stance could face resistance.
As controversy surrounding Paul Atkin’s confirmation further intensified bearish headwinds from Trump’s proposed tariffs headwinds, Bitcoin is now set to close a second consecutive month in red, after having posted an 18% dip in February.
As seen in the TradingView chart above, Bitcoin price has retreated to $83,381, as selling pressure emerged near the $90,000 resistance zone. More so, the Keltner Channel midline at $67,019 provides key support, but a failure to hold above this level could trigger deeper corrections.
Parabolic SAR dots at $109,600 highlight long-term bullish target. But typically the SAR pointing above current prices emphasises short-term bearish dominance, suggesting that BTC is likely to begin April 2025 on a negative note.
Despite the current retracing trend, strong demand from recent ETF inflows and institutional accumulation could limit losses.
If Bitcoin price stabilizes above $80,000, it may regain momentum toward $109,00 in April 2025.
Frequently Asked Questions (FAQs)
1. Why is Bitcoin price facing bearish pressure in April 2025?
2. Can Bitcoin reclaim $100K in April 2025?
3. What key support levels should traders watch for Bitcoin in April?
- Bitcoin Treasuries Add Nearly $1B BTC This Week as Holdings Cross 1M BTC
- Peter Schiff Criticizes Bitcoin’s Performance Following Gold’s Rally To New ATH
- Arkham Uncovers $5 Billion in Untouched Bitcoin From Germany’s Movie2K Seizure
- Ethereum Spot ETFs Record $447 Million in Outflows Amid Crypto Market Decline
- World Liberty Financial Discloses Reason for Blacklisting 272 Wallets
- HBAR Price Forecast: Analyst Targets 123% Rally as ETF Approval Odds Hit 90%
- Solana Price Prediction: Will Solana Hit $320 as SOL Strategies Gains Nasdaq Approval?
- XRP Price Forecast: Analyst Eyes $127 as BlackRock Joins Ripple Swell 2025
- Chainlink Price Eyes $55 as Reserve Holdings Jump With 43,937 LINK Addition
- Cardano Price Targets 30% Surge as Top Economist Calls for Fed Cut
