Bitcoin: 5 Things to Know This Week

BitcoinBTCThe US Trade War continues to rage into the third month of April.

• BTC’s price is unable to break through a trendline of long-term resistance as traders are dominated by trade war fears.

• As risk assets prepare themselves for possible surprise headlines, tariffs is the main macroeconomic theme of the week.

• Bitcoin ETFs dropped almost $800 million over a seven-day period, and Strategy says it bought the dip.

• The weakness of the US Dollar could prove to be an unexpected blessing for Bitcoin, and other risky assets.

• Global M2 money supply is at an all-time high and rising — will Bitcoin follow history and replicate its past?

Bulls fight a crucial BTC price line of resistance

BTC Price Analysis is Zooming Out. With traders looking out for volatility related to tariffs this week, BTC Price Analysis is zooming in.

BTC/USD ended the week with a 6.7% increase, according to data. Cointelegraph Markets Pro The following are some examples of how to get started: TradingView confirms.

Next, however, comes the real test — breaking beyond a downward-sloping trend line that has capped the upside for months.

$BTC – #BitcoinWe might be ready. We could be prepared. pic.twitter.com/Dtv1jkrzkP

— Crypto Caesar (@CryptoCaesarTA) April 12, 2025

“Rejected at key resistance, following the trendline perfectly,” Bitbull, a popular trader on X, wrote a post about the subject. 

“If the breakdown continues, eyes on the $70K-$72K support zone for a possible bounce.”

Rekt capital, a fellow trader and expert in the market is also looking at this trend as a potential breakout. proves hard to confirm.

“Bitcoin has Daily Closed above the Downtrend. Thus, breakout confirmation is underway,” He told X fans at the weekend

“However BTC has previously Daily Closed above the Downtrend but failed its retest (a few of the red circles). Retest needs to be successful and it is in progress.”

Popular trader AK47 of X has posted BTC prices targets both upwards and downwards depending on how the trend line retest turns out.

“$BTC might push to $88K—but don’t get too comfy,” He cautioned.

“Could be a fakeout, grabbing liquidity before dipping to $81K for that inverse head & shoulders setup. If that plays out, $95K–$100K isn’t far.”

Markets on edge as tariff talk continues

The US macroeconomic data was quieter this week, but initial claims for unemployment benefits remain the main focus. Meanwhile, the trade war is still a major issue.

Risk assets, including cryptos and risky currencies, could experience a sudden surge in volatility if more trade tariff surprises surface.

This was a relief that came with a bang this weekend, as US President Donald Trump declared he would halt tariffs until further notice. key tech products. Bitcoin then reached its eleven-day highest above $86,000.

Subsequent indications The fact that these measures were temporary has put pressure back on the futures of stocks, and BTC/USD is now around $84,000.

“We think the ‘tariff exemptions’ announced this weekend were originally intended to be temporary,” The Kobeissi Letter, written as part of an article on trading resources X reaction. 

“The goal was to bring treasury yields back down before resuming the trade war.”

Kobeissi claimed that at first, markets initially interpreted the action as an indication that the trade conflict might be over. But they were then disappointed by the news a day after.

“Bonds will likely still rally along with stocks, but uncertainty has only grown. The bond market is king,” It added.

Mosaic Asset, a trading firm, agreed with the statement that bond prices may have played a crucial role in changing policy last week.

“It’s the volatility in other areas of the markets like currencies and Treasury bonds that might have forced a quick pivot on trade and tariff policy,” It summarized its latest regular newsletter: “The Market Mosaic“, on April 13

“The uncertainty around tariffs has become a binary and unpredictable event for the stock market. Signs of tensions fuel further downside, while an easing of tensions sends stocks sharply in the other direction.”

Bitcoin ETF inflow “barely registers”

Net flows of US Bitcoin Exchange-Traded Funds (ETFs) showed just how turbulent the week had been.

Total outflows were the highest since the ETFs’ debut at the beginning of 2024. passed $750 million.

Timothy Peterson is a network economist who has little cause for concern.

He noted, zooming out that even this nine-figure loss makes little difference in the total investment pool created by the ETFs within a period of less than one year.

“Last week, US Bitcoin ETFs had their 5th worst week ever (in terms of outflows). Over $700 million. Yet it barely registers as a blip on the chart,” He told X-Followers 

“That’s how big Bitcoin has become. That’s how sticky these investments are.”

There are many major investors who want to invest in “buy the dipMichael Saylor, the co-founder of business intelligence company Strategy (formerly MicroStrategy), hinted at an increase in BTC coverage this weekend.

“No Tariffs on Orange Dots,” He wrote The chart is shown in a X next to the acquisitions of Strategy. 

While trade tensions continue, it is unlikely that Bitcoin will become a popular investment option for institutional investors.

Bank of America’s survey in March revealed that 58% of respondents chose gold to hedge against volatility.

“This compares to just 9% for 30-year Treasury Bonds and 3% for Bitcoin,” Kobeissi is a writer reporting The findings. 

“Throw in the US deficit spending crisis and gold quickly becomes the only global safe haven asset.”

The dollar dive offers hope for risky assets

Risk-assets traders may find some comfort in the US Dollar this week.

Trade wars have taken a toll on greenbacks, which is evident when compared to major trading currencies.

Last week, the US Dollar Index (DXY), which is a measure of US currency, fell to its lowest level in three years. At this time, it’s challenging that low again.

The dollar is falling even more on the markets. DXY has fallen through the 200 level and 100 in just a few hours. It is now at its lowest point since 3 years. pic.twitter.com/MJ8wvvJuY2

— David Ingles (@DavidInglesTV) April 14, 2025

While far from constant, Bitcoin’s relationship with dollar strength tends to show that gains occur after major DXY losses — albeit with a delay of several months.

Popular analytics account Bitcoindata21 has its sights set on a repeat of events The BTC/USD ratio reached an all-time record high at the end the year.

Another chart uploaded to X at the weekend showed the relationship between DXY, Bitcoin and the S&P 500, providing ideal conditions for a long-term bottom in the latter.

Last time, a similar signal was given around a month prior to the onset of the Bitcoin Bear Market in late 2022.

“I got 99 problems but the DXY aint 1,” Bitcoindata21 summarized.

Bull market on the rise?

Bitcoin bulls can also expect a similar trend to play out on longer-term timeframes.

Related: Bollinger Bands creator says Bitcoin forming ‘classic’ floor near $80K

Bitcoin’s price is positively related to the global money supply M2, which is also positive correlated. The world is now trying to go beyond its previous highs.

“Global M2 has remained at an ATH for 3 days in a row,” Colin Talks Crypto, the popular analyst who has been analyzing cryptocurrency for years, made a statement in A dedicated X post This weekend, the world is experiencing a phenomenon. 

“This is a fantastic sign for what it signals will be coming into risk assets in ~108 days.”

This post is about a chain-reaction whereby sharp movements in M2 global cause Bitcoin to copycat its behavior once the latency time period has expired.

But there is still a chance for you to do something before then. “buy the dip.”

“Global M2 (with a 108-day offset) doesn’t show a blast-off for another ~2 1/2 weeks, and actually shows a slow bleed into next week until around April 16th or 17th,” Colin Talks Crypto is acknowledged.

The analyst had predicted this earlier in the month. a “big M2 influx” incomingBTC prices began to rebound in May.

This article contains no investment recommendations or advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.