Bitcoin (BTC) is once again under pressure as analysts warn of a possible price drop in the coming days. The world’s leading cryptocurrency has seen significant price swings recently, and experts suggest that more volatility could be on the horizon if Bitcoin fails to hold a key support level.
Bitcoin Must Stay Above $83,500
On April 3, 2025, a well-known crypto analyst named Pejman shared a post on TradingView. He warned that if Bitcoin fell below the $83,500 level, it could face a steep decline. Pejman had earlier spotted a “bullish flag” pattern on the charts – a pattern that usually suggests prices will go up. Based on this, he expected it to rise toward the $86,000 mark to fill a CME gap.
His prediction seemed right at first. On April 2, 2025, BTC quickly surged to $88,000 after Trump’s sudden announcement of new trade tariffs. But this excitement didn’t last long. The price dropped shortly afterward, and as of April 3, BTC is trading around $83,000, according to CoinMarketCap – down more than 1% in the past 24 hours.
Now, Pejman believes that the $88,000 price was only a local peak and that Bitcoin may fall further. He stressed that the $83,500 level is very important. If BTC falls below it, a bigger crash may happen.
Trump’s Tariffs Cause Market Shock
The latest drama in the crypto market was sparked by U.S. President Donald Trump on April 2, 2025, also known as “Liberation Day.” On this day, Trump announced “reciprocal tariffs” aimed at major global economies such as China, the European Union, the United Kingdom, and Japan. These tariffs are designed to match what those countries charge for American products.
Many fear this move could start a full-blown trade war. These countries may fight back with their own tariffs. This kind of uncertainty can be very bad for financial markets – including crypto. Investors often become more cautious when global tensions rise, which can drive down BTC and other digital assets.
The announcement created huge price swings. Bitcoin first spiked to $88,000 but quickly dropped as market fears grew. This shows how sensitive BTC is to political and economic changes.
Could Bitcoin Drop to $78,000?
Another crypto analyst, Kevin Capital, also shared his view on April 3. He thinks Bitcoin may fall as low as $78,000. He explained that this is where the next major liquidity zone is.
Kevin noted that BTC already absorbed liquidity between $87,000 and $90,000 before the tariff news. Market makers targeted that range, and they were right. Now, the next area of liquidity is between $78,000 and $80,000. It could move there next, possibly very soon.
Despite the bearish outlook, some analysts are still hopeful. On April 2, Rekt Capital said he’s still bullish on BTC’s long-term path. He pointed out that Bitcoin went through a 32% drop from March to September 2024. After that, it bounced back and hit new all-time highs.
Rekt Capital believes this current decline is just another correction. He says Bitcoin has recovered from worse before, and it could rise again quickly.
What’s Next for Bitcoin?
Bitcoin’s price has seen a wild ride in April 2025. It went up to $88,000 on April 2 but dropped to $83,000 by the next day. The biggest trigger was Trump’s tariff announcement on “Liberation Day,” which shook global markets.
Analyst Pejman says the $83,500 level is crucial. If Bitcoin falls below it, it could head toward $78,000, just as Kevin Capital predicted. But Rekt Capital’s positive outlook reminds us that BTC has survived many downturns before.
The crypto market is highly volatile, especially during global events like tariff disputes. As of April 3, 2025, Bitcoin is trading at around $83,000. It’s close to an important support level. Whether the price crashes or recovers, one thing is certain: more ups and downs are coming.
If you’re a trader or just someone watching the market, stay alert. Keep your eye on the $83,500 level. It could decide Bitcoin’s next big move.
