Here are the Latest Bitcoin Price Predictions for April 2025
Bitget, a prominent crypto exchange, has recently shared some insights into the projected price movements of Bitcoin for the upcoming month of April. The forecasts specifically focus on the highly anticipated halving event that is expected to impact the market.
Factors Influencing Bitcoin’s Price in April
- Continuous inflation of funds through the BTC Spot ETF
- The SEC’s approval of the BTC Spot ETF has sparked Wall Street’s interest, leading to significant purchases of 200,000 BTC
- This influx of purchases has driven the price of BTC to $73,000, and it is expected to continue throughout April, potentially pushing the price higher
- Impact of the Bitcoin halving event
- After the halving, daily BTC emissions will be reduced to 450, with an annual increase limited to 160,000 units
- This reduction, coupled with continued investments from Wall Street, is expected to pave the way for the next bull market for BTC
Potential Bullish Trend for Bitcoin
- Bitcoin reached a peak of $73,666 in March but faced obstacles that caused a drop to $60,870
- Buyers’ support helped the price rebound above the 21-day SMA, moving Bitcoin back into a bullish zone with a current valuation of around $70,319
- Analysts predict a continuation of the bullish trend with a potential target of $80,000 if key resistances are broken
Insights on Bitcoin ETFs
- Bitwise’s Chief Investment Officer, Matt Hougan, remains confident in the future of BTC ETFs
- Hougan anticipates a steady flow of investments into spot Bitcoin ETFs in the coming years
- He believes that over 100 processes of due diligence in the next two years will significantly impact the adoption of Bitcoin ETFs, increasing trust in the digital asset
Hot Take: Is Bitcoin Set for New Records in April?
With promising projections for Bitcoin’s price in April, fueled by Wall Street investments and the impending halving event, the cryptocurrency appears poised for a bullish trend. Stay tuned for potential new highs as BTC continues to attract attention from both institutional and retail investors.
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