Bitcoin Price Stabilizes on Black Friday 

Bitcoin has entered a bear market this year, slipping 23.4% from its January peak of $109,350 to an intraday low of $83,740 before rebounding. As of Good Friday, BTC was trading around $84,503.92, giving it a market capitalization of approximately $1.68 trillion.

Despite this pullback, the Bitcoin price has outperformed major U.S. indices in 2025, down nearly 12% year‑to‑date compared to the Nasdaq 100’s 16% decline. Since January 1, BTC has returned– 9.5%, while the Nasdaq Composite has fallen 13.3%, underscoring the relative resilience of crypto amid equity market volatility.

Short‑Term Outlook for Bitcoin Price

Technical charts show that the Bitcoin price is confined within a multi-month falling-wedge pattern. A confirmed breakout above the upper trendline, near $83,000, could target the $100,000 level by June. However, BTC must overcome resistance at the 50- and 200-day exponential moving averages, around $85,300, and flip a horizontal barrier at $88,804 to sustain a bullish reversal.

On the macro front, the BTC vs. S&P 500 divergence coefficient has decreased from 0.16% on April 2 to 0.083% at the time of writing, signaling a shift in capital toward Bitcoin as a hedge against equity weakness. Meanwhile, crypto strategist Crypto Rover warns that “we are one positive tariff or Fed headline away from a massive Bitcoin price rally,” highlighting the cryptocurrency’s sensitivity to policy news.

Source: CoinMarketCap – Bitcoin Price 7-day Graph 

Long‑Term Outlook for Bitcoin Price

Fundamental on‑chain metrics remain supportive: Bitcoin’s mining difficulty hit a record high of 121.51 trillion in early April, reinforcing network security and underscoring diminishing supply pressure. At the same time, the number of BTC held on exchanges has dropped to 2.18 million coins from 2.44 million in September of last year, as long-term holders withdraw their supply. Major holders—whales and sharks—are now absorbing over 300% of newly issued BTC each year, reflecting a deep conviction in the long-run value proposition.

Institutional adoption has accelerated following the U.S. approval of spot Bitcoin ETFs in early 2024, which led to a more than 120% price surge and drew record inflows into the asset class. Additionally, gold’s rally of roughly 26% this year to an all-time high above $3,300 per ounce often presages Bitcoin’s strength with a 100–150 day lag, suggesting further upside ahead.

Conclusion

While Bitcoin’s recent 23% drawdown marks a bear‑market phase, the coin’s resilience compared to traditional equities and its recovery above the $84,500 point to robust underlying demand. Technical catalysts, such as a potential falling-wedge breakout, and sensitivity to macro headlines offer traders opportunities for near-term gains.

Over the long term, record‑high mining difficulty, shrinking exchange supply, whale accumulation, and broad institutional adoption through spot ETFs reinforce a bullish framework. Investors with a multi‑year horizon may view current levels as an attractive entry point while monitoring key resistance levels and economic policy developments.

About the Author: Sarah Zimmerman is a seasoned crypto and Web3 news writer passionate about uncovering the latest developments in the digital asset space. With years of hands-on experience covering blockchain innovations, cryptocurrency trends, and decentralized technologies, she strives to deliver insightful and balanced news that empowers her readers. Her work is dedicated to demystifying complex topics and keeping you informed about the ever-evolving world of technology.