Bitcoin Market

From April 5 to April 11, 2025, the specific trends of Bitcoin are as follows:

Author: Monkey | Editor: Monkey

1. Bitcoin Market

From April 5 to April 11, 2025, the specific trends of Bitcoin are as follows:

April 5: The price of Bitcoin slightly rose from $82,839 to $84,508 in the early morning, then consolidated for a while, fluctuating around $84,000, before gradually declining to around $83,570 and then slightly dropping to $82,642.

April 6: Bitcoin maintained a sideways trend, first crawling up to $83,593, then dropping to $82,252, followed by a sharp plunge to $78,898. This was triggered by the escalation of global trade tensions due to U.S. President Trump's tariff policies, leading to a market chain reaction that caused a collapse in the Bitcoin market by the end of the day.

April 7: After a brief period of sideways movement, the downtrend continued, oscillating down to $77,206, then slightly recovering to $79,115 but failing to stabilize, breaking below the $77,500 support level and dropping to $74,727. Subsequently, it oscillated upward to around $77,500 before surging to $79,454.

April 8: A trend of oscillating upward was observed, starting from $77,776, climbing to $79,022, $79,870, and $80,718. After a short-term pullback, it maintained around $79,800, then quickly dropped to $76,529.

April 9: Continuing the downward trend from the previous day, it oscillated down to $75,005 before starting a recovery trend, slightly oscillating upward to $77,741, then oscillating down to $75,858, and finally recovering to around $77,525.

April 10: Stimulated by news that "Trump may consider canceling some tariffs," market risk appetite temporarily rebounded, driving Bitcoin prices to rise rapidly. During the day, Bitcoin broke through multiple resistance levels from $77,131, strongly rising to $82,555, followed by a slight technical pullback under profit-taking pressure, but bullish momentum continued, and the price surged again to the day's high of $83,428. In the evening, market sentiment weakened, selling pressure increased, and the price quickly fell back to around $78,707 before temporarily stopping the decline, forming an overall "good news-driven surge and pullback" trend.

April 11: After stopping the decline at the end of the previous trading day, Bitcoin's overall trend on April 12 became stable, with market sentiment turning cautious and volatility significantly narrowing. During the day, the price oscillated upward to $79,959, briefly retraced to $78,969, and then regained upward momentum, reaching a high of $80,356. After that, the market continued a narrow range oscillation upward, and as of the time of writing, Bitcoin was temporarily reported at $80,751.97, with overall daily fluctuations under control, and the market entering a short-term wait-and-see state.

Summary

This week, the Bitcoin market exhibited high volatility and a wide range downward trend driven by macro news. Affected by negative news, it repeatedly broke through key technical support levels, with multiple instances of "rapid sell-off - weak rebound" trading occurring, leading to an overall bearish market. On April 10, stimulated by news of "Trump possibly canceling some tariffs," market risk aversion temporarily eased, resulting in a significant short-term rebound in Bitcoin, which briefly surged to $83,428. However, due to a lack of sustained buying support, the rebound could not hold and subsequently fell back. Overall, Bitcoin is still in an adjustment cycle dominated by macro uncertainty, with insufficient risk appetite and weak technicals, leading to cautious market sentiment and the possibility of further downward oscillation in the short term.

Bitcoin Price Trends (2025/04/05-2025/04/11)

2. Market Dynamics and Macro Background

Capital Flow

According to on-chain data statistics from CryptoQuant and Glassnode, the net outflow of Bitcoin from exchanges significantly shrank this week, dropping from an average daily net outflow of 9,500 coins last month to a low of 2,800 coins this week. Among them:

During the sharp decline from