Bitcoin price rose to $83,210 after a difficult Q1 with 11% losses and 24% drop from January’s all-time high
Trump administration’s planned trade tariffs (scheduled for April 2) have increased market uncertainty
Bitcoin may still be in an “acceleration phase” according to Fidelity analyst Zack Wainwright
Major companies continue accumulating Bitcoin despite price volatility, including Michael Saylor’s Strategy and MARA Holdings
Technical indicators show mixed signals with some analysts warning of continued bearish short-term outlook
Bitcoin rose slightly to $83,210 on Tuesday, April 1, showing signs of recovery after a rough first quarter. The world’s largest cryptocurrency saw an 11% drop in value during Q1 2025 and remains about 24% below its January record high.
The modest price increase of 1.3% follows a period of heightened market anxiety. This anxiety stems from uncertainty around President Donald Trump’s planned trade tariffs against key U.S. trading partners.
Trump has repeatedly referred to April 2 as “liberation day.” This is when he plans to reveal more details about tariffs on sectors like semiconductors, pharmaceuticals, and select commodities.
Bitcoin’s price movements have tracked broader financial markets. Risk sentiment has weakened due to speculation about the scope and economic impact of these planned tariffs.
Market Analysis
Many analysts have raised their expectations for a U.S. recession this year. This outlook has hurt speculative assets like Bitcoin, which has underperformed compared to the S&P 500 and NASDAQ so far in 2025.
The Trump administration has maintained a pro-crypto stance since taking office. The President has named several crypto-friendly candidates to key regulatory positions, especially in the Securities and Exchange Commission.
Trump’s sons, Eric Trump and Donald Trump Jr., will merge with and take a 20% stake in American Bitcoin. This Bitcoin mining operation is mostly owned by miner Hut 8.
This deal adds to other crypto ventures backed by Trump. These include the decentralized finance project World Liberty Financial and the $TRUMP memecoin.
Despite these initiatives, Trump’s crypto policies have offered little support to prices. His plan to establish a strategic reserve from the government’s existing Bitcoin holdings failed to boost the market.
Fidelity analyst Zack Wainwright suggests Bitcoin might still be in an “acceleration phase.” This phase is marked by “high volatility and high profit,” similar to when BTC pushed above $20,000 in December 2020.
March 31 marked day 232 of the current cycle. Previous peaks lasted slightly longer before corrections began—day 244 in 2010-2011, day 261 in 2015, and day 280 in 2017.
Despite price volatility, large entities continue to add Bitcoin to their holdings. Strategy CEO Michael Saylor announced the acquisition of 22,048 BTC ($1.92 billion) at an average price of $86,969 per Bitcoin on March 31.
On the same day, Bitcoin miner MARA revealed plans to sell up to $2 billion in stock to acquire more BTC. Japanese firm Metaplanet issued bonds worth $13.3 million to buy more Bitcoin.
Technical indicators show mixed signals for Bitcoin’s short-term outlook. Trader Roman noted that while Bitcoin was retesting the $84,000 area, the relative strength index suggests a possible move lower.
Rekt Capital pointed to a support retest on daily timeframes. This comes after a key breakout from a multimonth downtrend in the relative strength index.
Some market predictions now extend downward to $65,000. Bitfinex noted in its latest analytics report that 2025 has been Bitcoin’s worst first quarter in years, with buying momentum capped at $89,000.
According to Bitfinex, price action in recent weeks has formed a consolidation range between $78,000 and $88,000. They also observed that signs of capitulation are easing, with fewer reactive sellers present and long-term holders beginning to accumulate once more.
The cryptocurrency market continues to watch closely for further developments on trade policies. April 2 may bring more clarity on how Trump’s tariffs might affect risk assets like Bitcoin in the months ahead.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear 
