Market Overview

By the first quarter of 2025, the total market value of the global cryptocurrency market is approximately$2.7 trillionBitcoin occupies55%dominant position (CoinMarketCap). The macroeconomic environment is complex, with the high-interest rate policy of the Federal Reserve in the United States (no clear signs of interest rate cuts) and the tariff policy announced by the Trump administration on April 2, causing market fluctuations, leading to Bitcoin falling in early April.$74,773Low point (FinanceMagnates). Nevertheless, approval of Bitcoin spot ETF and institutional fund inflows in 2024 (ETF holdings expected in 2025)1.5 million BTC) injects confidence into the market, driving prices back up to$88,800Above (Bernstein). In contrast, competitive coins such as Ethereum only rose by about 5%, highlighting Bitcoin's resilience to declines and market preference.

Price performance and trading volume analysis

From April 14th to 20th, 2025, the price of Bitcoin rose from$74,773Rebound to$88,800, reached a high of$88,800, increase18.77%(CoinGecko). During this period, trading volume surged, reaching a peak on April 15th.12.4 billion dollars, an increase of 50% from the previous week (CoinMarketCap). Subsequently, the trading volume fell to approximately per day80 billion dollars, indicating that the market has entered a consolidation phase. Bitcoin's4.56% monthly volatilityBelow the historical average level of 2021 (CryptoNews), indicating an increase in market maturity. In contrast, the volatility of altcoins such as Solana is high.8%highlighting the relative stability of Bitcoin.

Technical indicators and chart patterns

Bitcoin weekly chart shows a "bullish engulfing" pattern, indicating buyers are$75,000Support levels dominate, indicating the potential for further upward movement (CoinGape). The RSI is currently67.9, close to the overbought zone (70), there may be a short-term risk of a pullback (Coinpedia). MACD shows a bullish cross, 50-day moving average ($85,000Crossed above the 200-day moving average ($80,000），reinforcing the long-term uptrend (Binance). The key resistance level is at$96,000-$97,500After the breakthrough, it may test109,021 US dollarsThe historical high point (January 2025). The support level is at$82,000-83,000, short-term pullback may test this area. Coinpedia predicts the average price for 2025 to be119,713 USD, up to the highest$167,598.

On-chain data and whale activities

On-chain data shows that the outflow of Bitcoin from the exchange surged from April 7th to 9th, with a net outflow of approximately50,000 BTCLong-term holders (HODLers) are accumulating (CryptoQuant), indicating a 10% increase in the number of active addresses, reflecting a rise in retail investor interest (CoinMarketCap). The open interest has dropped to the levels of September 2024 (approximately)$64,000During liquidation, it indicates a healthier market after leveraged liquidation@Phyrex_NiThe current circulating supply is19.84 million BTC(94% of the total), the further reduction in the new issuance after the halving increases scarcity. The whale activity is stable, with no large-scale selling, supporting price stability.

External News and Market Sentiment

In April 2025, the Bitcoin market sentiment turned 'greedy,' with the Fear and Greed Index reaching65(CoinCodex). Key catalysts include:

• Institutions adopt: Bit ETF inflows exceed in 2024$70 billion, expected to reach by 2025$190 billion(Bernstein). MicroStrategy continues to increase its holdings, holding more than300,000 BTC(Coinpedia).
• Policy expectations: The Trump administration may push for a 'strategic Bitcoin reserve' plan to boost market confidence(@liangxihuiguiSEC Chairman Gary Gensler resigns, easing regulatory pressure (CryptoNews)
• Expert predictions: Robert Kiyosaki predicts the price will reach by the end of 2025$180,000-$200,000, Cathie Wood expects to reach by 2030$3.8 million(Coinpedia). Polymarket data shows the market's expected highest price in 2025$138,000(Cointelegraph).

However, if the Fed does not cut interest rates, it may lead to an increase in US bond yields, suppressing the performance of risk assets (CryptoNews). On the X platform,@CycleStudiesPoint out the rebound after the weekly oversold signal16.14%, hinting at the possibility of a bullish start (@CycleStudies}).

Conclusion and Outlook

Bitcoin's price trend in 2025 is driven by institutional adoption, scarcity after halving, and macroeconomic environment.18.77%The recent rebound, bullish technical indicators, and on-chain accumulation indicate strong market confidence. Coinpedia predicts the peak in 2025 will be$167,598, Kiyosaki and Bernstein are more optimistic, expecting$180,000-$200,000, breaking through $200,000 requires sustained institutional inflows and breaking through resistance levels$97,500However, Fed tightening or tariff risks may lead to a pullback to$82,000Investors should monitor prices and on-chain data through CoinMarketCap and Gate.io, pay attention to ETF dynamics and policy changes. The long-term potential of Bitcoin is undeniable, but short-term fluctuations need to be handled with caution.

Disclaimer:The cryptocurrency market is highly volatile. Investors should conduct their own research and evaluate risks. It is recommended to refer to platforms such as CoinMarketCap, CryptoQuant, etc., to obtain real-time data.