Bitcoin (BTC) has been consolidated over $80,000 amid a broader stock market sale, so well-known cryptocurrency analysts share a careful, optimistic outlook for their assets this April.
For this purpose, a pseudonym analyst planb Investors said that Bitcoin’s recent price drop has nothing to do with internal cryptocurrency dynamics, but not with broader economic factors, such as the uncertainty surrounding President Donald Trump’s tariff policy, he said in an April 6 YouTube video.
Experts say Bitcoin’s trajectory this month will largely depend on a broader market recovery in how the S&P 500 will respond to economic uncertainty linked to Trump’s tariff stance.
Interestingly, as reported by Finbold, Bitcoin is primarily stable despite the stock market experiencing a massive price sweep due to tariff-related fears.
planb If S&P rebounds to 6,000, Bitcoin could again surpass $100,000, and could rise to $300,000, along with gold prices, stock market trends, and his stock (S2F) model. However, he stressed that this is not a guarantee.
“As the S&P 500 rises, the stock market will rise and Bitcoin will rise. With S&P recovering from the current policy shock and returning to 6,000 or 7,000, Bitcoin could easily reconsider $100,000 or reach $300,000,” he predicted.
In addition to his bullish tone, planb He pointed out that April has historically been a strong month for Bitcoin. Based on past performances, he believes that the month could become a launchpad for even higher price action heading into May and June.
The impact after harving
At the same time, based on his long-standing model, planb We hope that Bitcoin will ride the post-Harving wave and split it into six figures as part of a wider bullish cycle.
Experts also reaffirmed that the bull market for 2024 remains intact and that Bitcoin is currently in the “greedy phase” of the cycle. He compared the current phase to previous cycles in 2013, 2017 and 2021, each with a massive spike in Bitcoin following the harving event.
His predictions show that the real market happiness is still ahead and could potentially unfold later in the year.
“I don’t feel much pain in the market. Most people benefit. It’s very healthy and in my opinion it’s pretty bullish,” he added.
Furthermore, the stock-to-flow model has historically been consistent with major Bitcoin rally. This model suggests that prices tend to accelerate as newly mined supply drops after half the half, and is expected to occur again.
In particular, the model predicts an average Bitcoin price of $500,000 over the half-cycle of 2024-2028. Given that the S2F model includes a wide forecast range of $250,000 to $1 million, $300,000 Bitcoin remains comfortably within range.
Bitcoin price analysis
At the time of reporting, Bitcoin was trading at $81,558, adjusting 1.5% over the last 24 hours. Assets also fell 1.15% even in weekly time frames.
Technically, Bitcoin is below the simple 50-day and 200-day moving averages. The 14-day relative strength index (RSI) is 45.26, which is placed in the neutral region.
Check out the complete analysis below.
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