Cryptonews Price Analysis

Bitcoin Struggles Below $81K as CZ’s Pakistan Move and FOIA Lawsuit Stir Buzz

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Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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Last updated:

April 7, 2025

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Bitcoin Price Prediction

Bitcoin is hovering below $81,000 as technical resistance caps gains and market sentiment turns cautious. While price action remains pressured, broader headlines—including a FOIA lawsuit probing Bitcoin’s origin and Pakistan appointing former Binance CEO CZ as a crypto advisor—are sparking fresh interest and debate around BTC’s long-term adoption.

Bitcoin Supported; CZ’s Pakistan Move

Pakistan has appointed former Binance CEO Changpeng Zhao (CZ) as an advisor to its newly formed Pakistan Crypto Council (PCC)—a development with far-reaching implications. The announcement came on April 7 and marks one of the boldest crypto moves in the region to date.

CZ will advise on regulatory frameworks and infrastructure alongside the State Bank and Finance Division, bringing credibility and momentum to Pakistan’s digital asset ambitions.

JUST IN: 🇵🇰 Pakistan appoints Binance founder CZ as strategic advisor on crypto. pic.twitter.com/HMXGBs9ye8
— Whale Insider (@WhaleInsider) April 7, 2025

The country already ranks third globally in crypto adoption, with over 20 million users. With CZ’s involvement, Pakistan could shape a regional crypto hub, pressuring neighboring India to accelerate its own blockchain initiatives. Influencers across India voiced concern, noting Pakistan’s growing lead in Web3 innovation.

India faces increasing pressure to respond
CZ to work directly with regulators in Pakistan
Pakistan ranks #3 globally in crypto adoption

FOIA Lawsuit Could Shed Light on Satoshi and Boost Trust

Crypto attorney James Murphy, aka MetaLawMan, has filed a Freedom of Information Act lawsuit against the U.S. Department of Homeland Security. He seeks clarity on whether DHS agents met with individuals believed to be Bitcoin’s creators back in 2019.

The lawsuit cites remarks by Special Agent Rana Saoud and aims to resolve long-standing questions around Satoshi Nakamoto’s identity.

Crypto attorney sues Department of Homeland Security to uncover the identity of Bitcoin creator Satoshi Nakamoto https://t.co/Vp2a0HbnAW
— The Block (@TheBlock__) April 7, 2025

Murphy says any transparency—even if the claim proves false—could ease skepticism around Bitcoin’s origins. If proven independent of government ties, Bitcoin could gain stronger legitimacy and wider institutional acceptance.

Expert support from FOIA legal strategist Brian Field
FOIA case aims to confirm alleged 2019 DHS meeting
Greater transparency could fuel broader adoption

Fidelity Opens Crypto IRAs and BTC Faces Technical Hurdles

Fidelity Investments has rolled out its “Crypto for IRAs” program, allowing Americans to invest in Bitcoin, Ether, and Litecoin via tax-advantaged accounts.

The service charges a 1% spread, with no account or maintenance fees, and aims to make digital assets more accessible for long-term investors.

Fidelity Introduces Crypto-Backed Retirement Plans.

Fidelity, a $6 trillion asset manager, is now offering a crypto IRA with direct investments in BTC, ETH, and LTC—with no fees.

U.S. adults can invest through Roth, traditional, or rollover IRAs, with assets securely held in… pic.twitter.com/oBDBJESdMM
— Cryptic (@Cryptic_Web3) April 3, 2025

Bitcoin Price Faces Resistance at $81K as Bearish Pattern Pressures Bulls

On the charts, Bitcoin is facing stiff resistance at $81,800 after retreating from $83,800. The RSI near 43 signals fading bullish momentum. Key support lies at $78,000, with deeper risks around $74,400. A close above $81,600 would help bulls regain control—but for now, sellers remain in charge.

Support at $78K; resistance near $81.6K and $83.8K
Fidelity crypto IRAs target mass adoption
BTC faces rejection at 50 EMA and ABCD top

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