Bitcoin is entering April on shaky ground as investors look for clear growth drivers to pull BTC out of its recent decline.
Ongoing trade tensions and economic uncertainty continue to weigh on market sentiment, with President Donald Trump’s tariff policies adding to the pressure.
The world’s largest cryptocurrency is coming off a three-week losing streak, the first of its kind in 2025, and is on track to close March slightly below where it started, according to data from Coin Metrics. Bitcoin is also set to close the first quarter down more than 10% as concerns over higher U.S. tariffs and a slowing global economy overshadow bullish signals and endorsements from the Trump administration.
“The market is currently in a holding phase,” said Tracy Jin, chief operating officer of MEXC Exchange. “Investors are not ready to take active action without clear signals. If the White House’s trade rhetoric escalates, especially after Trump’s remarks on April 2, there is a risk that Bitcoin could fall below the $80,000 level.”
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Jin also noted that the Fed’s decision to postpone rate cuts until the summer has limited liquidity and affected risk assets, including cryptocurrencies. “Geopolitical tensions and fears of a possible recession are adding to the pressure; investors are looking for a safe haven, and Bitcoin is not on that list,” he added.
Given these conditions, Jin does not expect BTC to reclaim the $100,000 level in the near term. Instead, he predicts continued volatility in April, with limited institutional interest keeping prices in the $85,000 to $95,000 range.
April and the second quarter have historically been tough for Bitcoin. BTC has finished April in the red in three of the last four years. “The next month will be critical in determining the direction of the market in the coming months,” said Samer Hasn, senior market analyst at global asset broker XS.com. “If a trade war is avoided, the market may have already bottomed out and we could see a significant recovery after the broad decline in both cryptocurrencies and stocks.”
Despite the uncertainty, some investors see Bitcoin’s recent weakness as a buying opportunity. Hasn noted that Bitcoin ETFs have seen net inflows every day since March 14 and the asset has remained below $90,000, suggesting sustained demand beyond speculative interest.
Jin suggested that a short-term recovery is possible depending on government actions regarding digital assets. The Trump administration has discussed initiatives such as a Bitcoin strategic reserve and a U.S. digital asset stockpile that could provide bullish momentum.
“If Trump were to deliver on even a fraction of these initiatives by his 100th day, such as launching the first phase of a crypto reserve or legalizing some form of BTC payments at the federal level, that could trigger a short-term rally in April and potentially push prices beyond $100,000,” Jin said.
However, he warned that if the administration continues to focus on tariffs and geopolitical concerns, the opposite effect could occur: “Investors are watching not only Trump’s statements, but also which of them will be implemented legally or institutionally. Through the end of May, this factor will likely remain one of the most important for Bitcoin’s near-term pricing.”
*This is not investment advice.
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