Bitcoin Price Prediction Says Recovery Is False Hope
Bitcoin is slightly up today but is mostly level for the week after falling slightly on Thursday.
Quick overview
- Bitcoin rose 1.17% to $67,388 on Friday, but remains mostly flat for the week with a total gain of just 0.26%.
- The cryptocurrency market continues to trend downward, with diminishing institutional demand and significant ETF outflows reported.
- Despite hopes for a recovery following the Federal Reserve meeting, Bitcoin's movement has been limited and lacks strong bullish momentum.
- Eric Trump defended Bitcoin's volatility, highlighting its potential and adoption by major financial institutions, despite the ongoing bearish market.
On Friday, Bitcoin climbed 1.17% to $67,388 (BTC/USD) and may have given investors some hope of a recovery, but the coin is still mostly flat for the week.
Bitcoin (BTC) has moved very little this week, gaining just 0.26% and squashing hopes that it would pick up some bullish momentum. The cryptocurrency market is still mostly trending downward with no end in sight to the bearish behavior.
BTC/USDContinuing its tight range trading, Bitcoin remains in a limited pattern that will make it hard for it to break free and score impressive gains. The current movement trend indicates diminishing institutional demand as ETF outflows increase.
Bitcoin Expected to Remain Bearish
There was hope from the market that the latest Federal Reserve meeting would help move Bitcoin along, but that has not happened. The Fed is divided on whether to issue rate cuts, and they decided not to issue any for now. However, members of the Federal Reserve said that if inflation continues to decline closer to the 2% mark, then they would be very likely to enact more cuts to the interest rate.
Bitcoin did not react strongly to the news, with a dip on Thursday and then a slight increase on Friday, putting the coin right back where it started the week off. There is still no sign of a Bitcoin recovery, and the coin is about 47% off its all-time high from October 2025.
Outflows remain strong for spot ETFs, with $403 million reported through Thursday. The trend is likely to continue today as well, and if it does, that would mark five straight weeks of institutional outflows for the coin. Bitcoin is expected to remain in its current tight range for now, although some analysts and market insiders are very hopeful about where it will go later in the year.
Eric Trump Says Bitcoin Volatility Is a Positive
President Donald Trump’s son, Eric Trump, defended Bitcoin’s volatility on Thursday in a CNBC interview. He said that with an asset like Bitcoin there is tremendous upside and volatility is expected. In the interview, he championed the coin and remarked that many major financial institutions are adopting it, including Goldman Sachs, Charles Schwab, and JPMorgan Chase.
He called Bitcoin the “asset class of its generation,” and he did not seem to share the concern that many analysts have over Bitcoin’s current trajectory and the trajectory of the wider crypto market. The market has been bearish for months, and even a short surge in January was quickly countered by financial headwinds that sent the market tumbling downward once more.
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