Frequent shifts in sentiment: A roundup of views on BTC's future trajectory
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Frequent shifts in sentiment: A roundup of views on BTC's future trajectory
The market hates uncertainty.
Navigating Web3 tides with focused insightsBy: BitpushNews Mary Liu
Over the past 24 hours, market movements have swung violently with shifting headlines, as details surrounding Trump's tariff policy fluctuated—ranging from rumors of a "90-day pause" to official denials of misinformation. Bitcoin experienced sharp volatility within the day, plunging to a low of $74,436 before rapidly rebounding to $81,200, resulting in an intraday swing of up to 9%.
At the time of writing, Bitcoin is holding above the critical support level of $79,000, while Ethereum struggled to recover after briefly dropping below $1,500, and XRP trades at $1.92.
Risk-averse sentiment dominates the derivatives market, with total open interest plunging 10% to $91.19 billion. According to Coinglass data, over $1 billion in positions were liquidated in the past 24 hours, while Bitcoin’s market dominance slightly increased to 62.6%.
Expert Outlook: Where Do We Go From Here?
Julio Moreno, Research Head at CryptoQuant, said:
"Buying the dip right now is like catching a falling knife! The situation for Bitcoin has not improved. There's only one bullish signal active in the Bull Market Indicator index."
Cosmo Jiang, General Partner at Pantera Capital, told Bloomberg:
"Current market movements are primarily driven by macro factors. This pullback triggered by tariffs is a specific event-driven decline, not caused by deeper economic issues. Just as tariff policies are artificially introduced variables, the Trump administration can also withdraw these measures when it believes sufficient concessions have been obtained from other countries."
The latest report from Binance Research suggests that ongoing geopolitical and economic uncertainty may continue to dominate markets:
"The most aggressive tariffs since the 1930s are creating ripple effects across both macroeconomics and cryptocurrency markets. In the short term, crypto assets may remain volatile, with market sentiment swaying alongside developments in the trade war. If macro conditions stabilize, new narratives emerge, or cryptocurrencies reassert their role as long-term hedges, fresh growth could follow. Until then, markets may remain range-bound and reactive to macro news."
Stephen Wundke, Director of Strategy and Revenue at quantitative digital asset firm Algoz, stated:
"For now, the market hates uncertainty, so we can expect more volatile trading over the coming weeks/months, and the next upward move will likely be delayed (if only [quoted])—unless Trump makes another strong statement regarding the crypto industry. But the only certainty we have is that there is no certainty in the messages currently coming out of the White House."
Charlie Sherry, Financial Manager and Cryptocurrency Analyst at BTC Markets, said in his market update:
"Bitcoin has recently lost the key support zone of $79,000 to $80,000, which it successfully defended over the past month. This level marked the bottom of the range following the all-time high correction. The next major support lies around $72,000, which was the peak prior to the U.S. election. A potential shift in Trump’s stance or emergency intervention by the Federal Reserve could help push Bitcoin’s price back above $80,000."
Bitcoin researcher Axel Adler Jr. noted:
Short-term forecasts suggest Bitcoin will consolidate in a range between $81,600 and $88,700, with the key $86,000 'maximum pain' level serving as an important benchmark for options expiry on April 11. Medium-term, if macroeconomic uncertainty persists and expectations for Fed rate cuts grow, some traditional market capital may rotate into Bitcoin, providing support. However, sharp pullbacks remain a risk amid broad investor risk aversion.
Greg di Prisco, Co-founder of centralized stablecoin development company M^0 Labs, commented on the long-term impact of the Trump administration on the crypto industry:
"Perhaps more important than Trump’s direct actions is his influence on the legislative process—the industry’s most significant development. Stablecoin bills under consideration by state governments will position the U.S. favorably in global competition."
Prisco shared his three predictions for the crypto industry in 2025:
"I believe you’ll see the GENIUS Act become the bill the government ultimately agrees on and passes—but this may happen in the second half of the year. Second, more traditional financial institutions will begin launching tokenized products inspired by BlackRock’s BUIDL success. Third, stablecoins will continue proving themselves as crypto’s killer use case—they will start integrating into mainstream fintech applications."
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