Bitcoin Price Trend: Is the Bullish Rally Still Going?

Bitcoin (BTC) is back in the spotlight after posting a significant rally in April 2025.

However, the question now is: will this uptrend continue or is it starting to show signs of exhaustion?

Impressive Performance in April

In April 2025, Bitcoin posted a monthly gain of 14.08%, surpassing its historical average of 13% and median of 7.3%.

This performance marks April as a strong month for BTC, despite the previous years showing more subdued results.

Macroeconomic Factors and Their Impact

The beginning of April was challenging for Bitcoin, especially after President Trump’s tariff announcement caused the price to drop to US$74,501.

However, the depreciation of the dollar and inflation concerns provided a new boost, allowing BTC to recover 32% from those lows to a local high of US$97,900.

Miner Reserves and Market Confidence

On-chain data shows that miners are choosing to hold onto their Bitcoin reserves, rather than selling them.

This move reflects their confidence in the potential for future price growth, despite the persistence of short-term volatility.

Critical Technical Levels and Future Outlook

To maintain bullish momentum, Bitcoin needs to maintain its price above critical technical levels, such as $95,000. If successful, this could pave the way for a further rally.

However, a short-term decline is still possible, especially if macroeconomic conditions are not favorable.

Conclusion

Although Bitcoin has shown impressive performance in April 2025, the continuation of the bullish rally is highly dependent on macroeconomic stability and BTC’s ability to maintain critical price levels.

Investors are advised to remain vigilant and consider external factors that may affect future price movements.