$BTC $BTC $ETH
Bitcoin faces heightened short-term selling pressure from the April 15, 2026, U.S. tax deadline, with estimates of up to $2.8 billion in liquidations as investors cover capital gains taxes.�
Post-Deadline Outlook
Historical patterns show crypto markets often weaken leading into the deadline but rebound once forced selling eases, with Bitcoin averaging 5-8% gains in the two weeks after April 15 in prior cycles.� Analysts like Bitwise CIO Matt Hougan describe the current setup as a "coiled spring," suggesting relief buying could drive BTC toward $75,000-$76,000 by late April if key supports around $68,000-$70,000 hold amid fragile sentiment.�
Key Risks and Catalysts
Downside risks include layered pressures from geopolitical tensions (e.g., Iran-related uncertainty) and low CME futures open interest, potentially delaying the typical post-tax rally.�
Upside catalysts: Tax refund inflows, whale accumulation at range lows, and Bitcoin's 70% historical win rate for positive April closes (median +7.1%).�
Price Projections
Short-term (next 1-2 weeks): $74,500-$82,000 if recovery materializes; bel#MarketCorrectionBuyOrHODL? #SECEasesBrokerRulesforCertainDeFiInterfaces #KevinWarshDisclosedCryptoInvestments #JustinSunVsWLFI #USDCFreezeDebate ow $67,000 signals deeper correction.� Medium-term (end-April): Around $76,000 median from current ~$71,000 levels, assuming no major breakdowns.�