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Can Pi Network Hit $1 This Week? Bitcoin’s Strength Might Be the Key

Pi Network (PI) could be on the recovery path alongside Bitcoin (BTC), with past $1 highs now back in focus as early as this week.

Last updated: April 16, 2025 08:45 EDT

Junior Content Creator

Harvey Hunter

Junior Content Creator

Harvey Hunter

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Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

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Last updated:

April 16, 2025 08:45 EDT

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Can Pi Network Hit $1 This Week? Bitcoin's Strength Might Be the Key

Pi Network emerged as one of the biggest weekend winners from Bitcoin’s surge to $85,000, notching a sharp 43% rally to $0.78—solidifying its position as an altcoin front-runner.

Risk-on sentiment has made a return with Trump’s 90-day tariff pause, and PI has been among those reaping fresh retail liquidity and earning renewed attention in the “best crypto to buy” debate.

But this momentum has stalled with continued escalations in the US-China trade war. The new week has seen BTC and PI slip back to $83,500 and $0.61, respectively.

Why Pi Network is So Closely Tied to Bitcoin

The broader Pi ecosystem continues to struggle with adoption. Its price action remains largely speculative, lacking a meaningful use case to drive long-term growth.

Pi Network also faces untapped demand, with major exchanges like Binance still withholding a listing despite 86% approval in a community vote.

As such, PI is prone to heightened volatility and short-term trading pressure. While most altcoins typically move in tandem with Bitcoin, PI coin moves particularly close with exaggerated moves.

PI Coin Price Analysis: Can Pi Network Hit $1 This Week?

PI could be en route to reclaiming $1 following a breakout from the descending channel that has guided its downtrend since late February.

PI / USDT 1-day chart, descending channel breakout. Source: TradingView.

While the initial breakout momentum has faltered with resistance at the 20SMA, the pattern has yet to be broken. It still forecasts potential highs around $1—a 60% gain from current levels.

While early momentum has stalled at resistance from the 20SMA, the pattern remains intact. It still forecasts potential highs around $1—a 60% gain from current levels.

In the near term, however, Pi appears vulnerable to further downside.

The Relative Strength Index (RSI) was rejected at the neutral line and has slipped deeper into bearish territory at 40—a sign that selling pressure continues to dominate the short term.

The MACD follows suit, adopting a negative trajectory. While it hasn’t yet crossed below the signal line, the fading momentum leaves room for further pullback before a downtrend forms.

A retest of the channel’s upper boundary now looks pivotal. If it holds, it could act as a springboard for a rebound back to the 20SMA. But if it fails, the pattern risks invalidation.

Therefore, any further downturn in Bitcoin could drag Pi Network lower.

Keep Your Eyes on This New ICO When the Bull Market Returns

Any trader hedging their risk likely features Bitcoin (BTC) as a major part of their portfolio, especially as altcoins like Pi Network continue to fall.

While Bitcoin provides stable gains, it often sacrifices upside potential—that’s where Bitcoin Bull (BTCBULL) comes in, offering a fresh way to capitalize on BTC tailwinds.

True to its name, Bitcoin Bull ties its tokenomics to Bitcoin’s price growth in a deflationary model.

The project burns tokens and distributes BTC airdrops whenever Bitcoin reaches key milestones—starting at $125,000 and triggering new rewards for every $25,000 climb thereafter.

Bitcoin Bull ($BTCBULL) presale website.

With some analysts forecasting BTC highs of $1 million by 2030, BTCBULL could become a Bitcoin Maxi’s best friend.

With over $4.7 million raised in its initial few months, the project is already gaining strong momentum—potentially credited to its 91% APY on staking that rewards early investors.