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Bitcoin Bearish Outlook – April 2025
Market Structure & Technical Overview
Bitcoin continues to underperform as a safe haven asset, falling short of the optimism once compared to gold. Following a consistent formation of lower highs, BTC has once again broken down—hinting at a potential continuation of this bearish trend.
Current Price: Just below the 1M Pivot Point (PP) at $84621.067.
This area is crucial — if price accepts this level as resistance, we are likely to see further downside.
The most recent 1M high stands at $88,781.70 — a level to watch but currently being respected as a ceiling.
Should the price fail to reclaim 84k, the next target is the 1Y PP at $80,283.483. A rejection here opens the door for a move toward strong 1M support at $72,345.065.
Below that, 1Y PP structural support comes into question. If the support gives out, the maximum decline target sits near $56,000, which would represent a full reset of the bullish macro narrative.
Fundamental Headwinds: A Storm Brews
Trump's Latest Move: President Trump has repealed the IRS rule expanding the "broker" definition to decentralized exchanges, a move aimed at deregulating crypto and laying groundwork for a potential U.S. Bitcoin reserve.
China’s Crackdown Intensifies:
China’s courts and local governments are actively liquidating seized crypto through offshore channels.
The lack of a centralized system raises corruption concerns, but near-consensus is forming around formal asset recognition and centralized liquidation.
Despite a domestic ban, China holds 15,000 BTC, potentially making it the 14th largest holder globally.
The decentralized anonymity principle of cryptocurrency is under increasing threat, as both China and the U.S. shift toward centralized control, regulation, and even reserve-building strategies. This movement contradicts the original ethos of Bitcoin, leading to a bearish sentiment among long-term holders.
Sentiment Snapshot
Metric Status
Technical Structure Bearish
Market Sentiment Neutral, leaning bearish
Macro Fundamentals Bearish
Key Resistance (1M PP) $84,621.067
Next Support (1Y PP) $80,283.483
Strong Support (1M) $72,345.065
Max Decline Scenario $56,000
📉 Mark these key levels:
$88,781.70 – Previous 1M High
$84,621.067– 1M Pivot (Current Resistance)
$80,283.483 – 1Y Pivot (Mid Support)
$72,345.065 – 1M Strong Support
$56,000 – Max Bearish Target
Overlay sentiment zones:
Green (above
88K): Bullish
Orange (between $80k–88K): Neutral
Red (below $80k): Bearish Continuation
The Support and Resistance outlined in green and red are the respective support/resistance for this pair currently for 1M-1Y timeframes!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Bitcoin Bearish Outlook – April 2025
Market Structure & Technical Overview
Bitcoin continues to underperform as a safe haven asset, falling short of the optimism once compared to gold. Following a consistent formation of lower highs, BTC has once again broken down—hinting at a potential continuation of this bearish trend.
Current Price: Just below the 1M Pivot Point (PP) at $84621.067.
This area is crucial — if price accepts this level as resistance, we are likely to see further downside.
The most recent 1M high stands at $88,781.70 — a level to watch but currently being respected as a ceiling.
Should the price fail to reclaim 84k, the next target is the 1Y PP at $80,283.483. A rejection here opens the door for a move toward strong 1M support at $72,345.065.
Below that, 1Y PP structural support comes into question. If the support gives out, the maximum decline target sits near $56,000, which would represent a full reset of the bullish macro narrative.
Fundamental Headwinds: A Storm Brews
Trump's Latest Move: President Trump has repealed the IRS rule expanding the "broker" definition to decentralized exchanges, a move aimed at deregulating crypto and laying groundwork for a potential U.S. Bitcoin reserve.
China’s Crackdown Intensifies:
China’s courts and local governments are actively liquidating seized crypto through offshore channels.
The lack of a centralized system raises corruption concerns, but near-consensus is forming around formal asset recognition and centralized liquidation.
Despite a domestic ban, China holds 15,000 BTC, potentially making it the 14th largest holder globally.
The decentralized anonymity principle of cryptocurrency is under increasing threat, as both China and the U.S. shift toward centralized control, regulation, and even reserve-building strategies. This movement contradicts the original ethos of Bitcoin, leading to a bearish sentiment among long-term holders.
Sentiment Snapshot
Metric Status
Technical Structure Bearish
Market Sentiment Neutral, leaning bearish
Macro Fundamentals Bearish
Key Resistance (1M PP) $84,621.067
Next Support (1Y PP) $80,283.483
Strong Support (1M) $72,345.065
Max Decline Scenario $56,000
📉 Mark these key levels:
$88,781.70 – Previous 1M High
$84,621.067– 1M Pivot (Current Resistance)
$80,283.483 – 1Y Pivot (Mid Support)
$72,345.065 – 1M Strong Support
$56,000 – Max Bearish Target
Overlay sentiment zones:
Green (above
88K): BullishOrange (between $80k–
88K): NeutralRed (below $80k): Bearish Continuation
The Support and Resistance outlined in green and red are the respective support/resistance for this pair currently for 1M-1Y timeframes!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.