Bitcoin Price Prediction – BTC Could Hit $85K If Bulls Overcome Resistance

Highlights:

• Bitcoin is at a critical juncture as it faces crucial resistance at $83,252
• Rally through resistance could pave the way for bulls to return
• Growing resilience could help drive Bitcoin through resistance 

Bitcoin has made modest gains today, up by 0.45% to trade at $82,352 when going to press. The positive momentum Bitcoin has built over the past two days gives the impression that the worst could be over for Bitcoin. That’s because the macro environment is not improving, yet Bitcoin appears to have bottomed. 

Bitcoin Showing Resilience in the Face of Macroeconomic Risks

For context, China has today imposed a new 125% tariff on US goods, further intensifying an already deep trade war. Also, the Fed’s warning of stagflation means potentially prolonged economic weakness. Amongst all the chaos, Bitcoin is standing strong, which could point toward some investors’ increased appetite for risk. 

#Breaking China has raised additional tariffs from 84% to 125% on all imported US products.

"Given the current tariff levels, US goods have no chance of being accepted by the Chinese market. If the US further imposes additional tariffs, China will ignore it." pic.twitter.com/Pz4GRai0BX

— Li Zexin (@XH_Lee23) April 11, 2025

However, Bitcoin is not only being pushed higher by strength in the face of macroeconomic conditions. The road to mass adoption seems to be getting clearer as well. 

FDIC Lifts Restrictions on Cryptocurrency – Big for Bitcoin Price

On April 8, Travis Hill, the acting chairman of the FDIC, gave a keynote address at the American Bankers Association’s Washington Summit. The keynote address dramatically changed the dial for legislative policy towards crypto in the U.S. for banks by supporting more innovation-centric approaches.

In a landmark policy shift, Hill declared that banks under the FDIC’s scope no longer need to seek prior consent for crypto-permissible activities, which include custodial services and operating as validator nodes. This reduction in institutional regulatory barriers could represent a decisive moment in the digital asset ecosystem, awakening other financial institutions to adopt it confidently.

BREAKING: THE FDIC JUST RULED US BANKS CAN NOW WORK WITH #BITCOIN AND CRYPTO FIRMS WITHOUT PRIOR PERMISSION

THE INSTITUTIONS ARE COMING pic.twitter.com/DaouJOehRM

— The Bitcoin Historian (@pete_rizzo_) March 28, 2025

Most fundamentally, Hill has also raised whether regulators should proactively define the boundaries of acceptable crypto service and called attention to the Guidance issued in 2023. In contrast with the rest of the world, he suggested that American banks might soon be able to operate public blockchains, although he stressed the need for sensible limits.

More States Join the Movement – Bitcoin Reserve Bills Gain Ground

Individual US States are also accelerating the push towards Bitcoin as part of their reserves. New Hampshire’s House passed HB302, a bill that allows the state to invest 10% of certain funds into precious metals and eligible digital assets. Currently, Bitcoin is the only cryptocurrency fulfilling the market cap criteria.

Florida has also advanced similar legislation. On the same day, the State House Insurance and Banking Committee approved HB487, permitting up to 10% allocation into Bitcoin for key state funds. The bill outlines various investment vehicles and custody protocols, allowing the financial officer substantial latitude in executing the reserve.

HOT DROP: Florida House Committee UNANIMOUSLY passes the Strategic Bitcoin Reserve Bill!

HB 487 would allow public funds to invest in #Bitcoin — no votes against.

Florida plans to buy up to $1.5 BILLION in $BTC pic.twitter.com/pQVa9f5uHr

— Crypto Patel (@CryptoPatel) April 11, 2025

In the meantime, Arizona is still the most advanced state in the race to configure state-level Bitcoin reserves. Two related bills, SB1373 and SB1025, passed the House Rules Committee in late March and are awaiting floor votes. Their passage will depend on Democratic Governor Katie Hobbs, whose position on the matter has not been communicated.

Technical Analysis – Bitcoin Price Trending Towards Critical Resistance

Bitcoin is currently trending toward the $83,252 resistance level. If bulls are strong enough to push Bitcoin through this resistance, a rally to $85k could follow. 

On the other hand, if bulls fail at the $83,252 resistance, Bitcoin could face a correction that would put the $78,988 support in focus. 

Recap

The intersection of Bitcoin’s price action, regulatory reform, and state-level legislative initiatives creates a reprieve rich with opportunities for Bitcoin to flourish. Institutional adoption and a defined regulatory landscape could help support the price and trigger FOMO in the face of macroeconomic challenges. In the meantime, investors are keen to see whether Bitcoin can rally to $85k.