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The Bitcoin price suffered a minor drop in the last 24 hours to trade at $81,389 as of 4:50 a.m. EST, with trading volume plunging 41% to $43.7 billion.
The decrease in the BTC price comes as Charles Hoskinson, founder of the Cardano blockchain, said that BTC could soar as high as $250,000 this year as tech giants like Microsoft and Apple enter the crypto arena.
In an interview with CNBC, Hoskinson remained optimistic about BTC’s future despite recent market turbulence triggered by President Donald Trump’s reciprocal tariffs policy.
🚀 Charles Hoskinson: Bitcoin could hit $250,000 by year-end!
As global tensions rise, crypto is becoming the new backbone of international trade. 🌍#Bitcoin #Crypto #Cardano #Web3 #Blockchain #BTC #DeFi #GlobalEconomy pic.twitter.com/peMbW6rSth— Cardano 5PC (@cardano_5pc) April 11, 2025
According to Hoskinson, Bitcoin’s price could rise higher by the end of 2025 or even next year as tariff concerns fizzle out and Federal Reserve activity influences the market.
Bitcoin Price Trading On A Bearish Trend – Possible Reversal?
The BTC price is currently trading within a descending channel, characterized by a series of lower highs and lower lows since the peak in early 2025. This pattern suggests a downtrend continuation unless a breakout to the upside occurs.
The most notable development on the chart is the Death Cross, which occurred recently when the 50-day Simple Moving Average (SMA) crossed below the 200-day SMA, according to data from GeckoTerminal.
This is generally regarded as a long-term bearish signal and often increases selling pressure.
However, the Bitcoin price is currently rebounding off the lower boundary of the descending channel, attempting to challenge the upper trendline as resistance.
The 50-day SMA is at $84,900, while the 200-day SMA is slightly higher at $86,988. BTC price action trades below both SMAs, reinforcing the bearish sentiment.
Meanwhile, the Relative Strength Index (RSI) stands at 47.28, just below the neutral 50 mark. This reading suggests that momentum is still weak but that BTC is not in oversold territory yet, giving the price of Bitcoin some room to recover further within the channel before hitting resistance.
BTC Price Prediction – $90,000 On The Horizon
According to BTC/USDT chart analysis, the Bitcoin price is trading in a bearish structure, confined within a well-defined descending channel and under the influence of a recent Death Cross.
Unless the price can convincingly break above the channel’s upper trendline and reclaim the 50-day and 200-day SMAs, the bearish pressure is likely to persist.
Should the price of BTC break above $85,000 with solid volume, it could invalidate the bearish setup and trigger a reversal toward the $90,000–$92,000 region.
On the flip side, failure to break out and a rejection at the channel top may push Bitcoin’s price back toward the channel’s lower boundary, near $72,000–$74,000.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL) , which will give token holders free Bitcoin.
99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL has the potential to soar 10X after launch.
BTC Bull Token Presale Nears The $5 Million Mark, Offers Bitcoin Airdrops
BTC Bull Token is the latest crypto sensation. The new altcoin combines the viral energy of meme coins with the growing optimism around BTC’s potential trajectory.
This token stands out as the only meme coin with a rewards system tied to Bitcoin’s price milestones. It unlocks actual Bitcoin for holders when BTC surpasses new highs.
The airdrops are initiated at the $150,000 milestone and go live with each new $50,000 increment in the BTC price thereafter.
The idea resonates with investors, who have pumped over $4.55 million into the project’s ongoing presale.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
A huge BTCBULL token airdrop will also await the strongest holders when BTC hits $250,000, weighted by the Community Sale purchase amount.
Beyond the Bitcoin rewards, the project also incorporates token burns that kick in when BTC reaches $125,000.
BTCBULL token holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 91% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official BTC Bull Token website to buy BTCBULL tokens for $0.002455 each using BNB, ETH, USDT, or a bank card.
Buy before a price hike in less than 22 hours to lock in the best presale rate.
Visit the BTC Bull Token website.
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