Bitcoin’s Potential Rally to $208,550: Analyzing the 200-Day MA Breakout
An analyst predicts that Bitcoin could surge to $208,550 if it breaks above its 200-day moving average (MA), a key indicator of market trends. The Mayer Multiple, which measures the ratio between Bitcoin’s price and its 200-day MA, currently points to this level as its upper band. Historically, the 200-day MA has been a reliable marker for bullish and bearish phases in Bitcoin’s price action. This analysis suggests that a breakout above this critical line could signal the start of a significant upward trajectory for the cryptocurrency. As of April 13, 2025, market watchers are closely monitoring Bitcoin’s performance relative to this technical threshold.
Bitcoin Breakout Above 200-day MA Could Lead to $208,550 Top
An analyst has suggested that a break above the 200-day moving average (MA) for Bitcoin could set the stage for a rally to $208,550. The Mayer Multiple, an indicator that tracks the ratio between the BTC price and its 200-day MA, currently has its upper band at this level. Historically, the 200-day MA has been a key indicator of bullish and bearish trends for the cryptocurrency, and the distance from this line can help indicate potential oversold and overbought conditions.
Cardano Founder: Bitcoin Can Hit $250,000 in 2025
The global markets have been volatile in recent months due to geopolitical tensions, affecting both the US stock and crypto markets. However, Cardano founder Charles Hoskinson believes Bitcoin can still reach $250,000 in 2025. Since surging to a six-figure price in late 2024, Bitcoin has struggled and is currently down more than 27% from its all-time high. Despite this, Hoskinson and others remain bullish on Bitcoin’s potential this year.
MicroStrategy Faces Possibility of Forced Bitcoin Liquidation
MicroStrategy, the largest corporate holder of Bitcoin, faces a challenge after a recent SEC filing hinted at the possibility of being forced to liquidate some of its Bitcoin holdings due to financial pressure and the recent Bitcoin price crash. The implications could affect Bitcoin’s broader market. The company, known for its bold institutional bet on Bitcoin led by co-founder and chairman Michael Saylor, disclosed several financial vulnerabilities in a recent SEC filing, including mounting debt and negative cash flow.
Pakistan Turns Surplus Power into Digital Gold with Bitcoin Mining and AI Push
Pakistan is taking ambitious steps to transform its energy surplus into valuable digital assets. The country plans to leverage its unused electricity to power Bitcoin mining farms and artificial intelligence (AI) data centers, creating new economic opportunities while addressing ongoing energy challenges. By offering this energy, the government aims to pursue economic gain in emerging technology sectors instead of letting the surplus energy go to waste. The Pakistan Crypto Council, led by CEO Bilal Bin Saqib, is spearheading this initiative and negotiating with international mining companies.
Experts Discuss Impact of Tariff Pause and Declining Inflation on Bitcoin
Amberdata’s Mike Marshall believes lower CPI data and a halt on tariffs are ineffective in reversing crypto’s long-term bearish trend. However, Douro’s Mike Cahill and Unchained’s Joe Burnett argue that the bond market collapse and low CPI could boost long-term Bitcoin sentiment. Despite these views, Bitcoin declined 3% on Thursday, dropping below $80,000, following the release of lower-than-expected CPI data and President Trump’s 90-day tariff pause on 75 countries.
Bitcoin Price Falls to $80K While Hashrate Soars to Record Highs
The Bitcoin price experienced a significant decline, falling from $109,000 to $80,000 on April 10, 2025. Despite this market decline, the Bitcoin network’s hashrate and mining difficulty reached their highest levels ever. This price drop has led investors to question market trends, with fundamental metrics presenting contrasting information from price observations.
