- Bitcoin is currently undergoing consolidation which indicates a potential upward movement could occur if the price breaks through $95,000 toward reaching $109,000.
- Market liquidity will reach $79,000 which might trigger short-term price decline during April 2 but will soon return to its upward trajectory.
- Historical data combined with macroeconomic factors highlights that mid-April price increases will occur before the FOMC meeting begins.
As the crypto market keeps evolving, analysts are digging into the key factors driving Bitcoin’s surge and whether it could hit $100K—or even $200K—soon. The bullish Bitcoin momentum continues to grow without any indication of slowing down which leads many experts to believe the rally has more upward potential.
Bitcoin is currently displaying a falling wedge pattern, consistently making lower highs and lower lows, indicating a consolidation phase before a potential breakout .CryptoFaibik predicts that ,If the breakout occurs above $95,000 – $100,000, it could trigger a strong bullish momentum, propelling BTC toward $109,000 in the coming weeks.
As of today March 24 2025, Bitcoin’s price continues its rapid climb, reaching $87,012.62, a 3.7% increase in the past 24 hours. As market analysts monitor the cryptocurrency’s trajectory, speculation grows over whether BTC will reach a new all-time high (ATH) before April.
Potential for a Market Correction Before a Breakout
According to analyst DonnyDicey, despite the strong uptrend, some liquidity remains at the $79,000 level, indicating a potential short-term correction. Market observers note that a shakeout may occur around April 2, which could trigger a temporary price dip before another upward move.
This date is particularly significant due to the tariff deadline, which could cause short-term market de-risking. While some investors may step back momentarily to assess the impact of tariff changes, others anticipate that the removal of uncertainty will eventually stabilize the market and pave the way for continued growth.
Bitcoin’s April Setup: Early Lows Could Spark Mid-Month Rally
Historically, the first half of April often plays a crucial role in setting the tone for Bitcoin’s price action. Early April signals a local bottom in BTC which could initiate a wider uptrend towards the late part of the month according to market experts.
Several macroeconomic indicators support this outlook. The U.S. Dollar Index (DXY), 10-Year Treasury Yield (US10Y), and global money supply (M2) all provide signals that align with potential bullish momentum. With economic data continuously emerging ahead of the Federal Open Market Committee (FOMC) meeting in May, traders may position themselves accordingly in anticipation of a positive trend.
