Here’s what to expect for Bitcoin this month

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As Bitcoin (BTC) consolidates above $80,000 amid a broader equity market sell-off, a renowned cryptocurrency analyst has shared a cautiously optimistic outlook for the asset this April.

To this end, pseudonymous analyst PlanB has stated that investors should note that Bitcoin’s recent price decline has nothing to do with internal cryptocurrency dynamics but broader economic factors, such as uncertainty surrounding President Donald Trump’s tariff policies, he said in a YouTube video on April 6.

According to the expert, Bitcoin’s trajectory this month will hinge on a broader market recovery, mainly on how the S&P 500 responds to the economic uncertainty tied to Trump’s tariff stance.

Interestingly, as reported by Finbold, Bitcoin has primarily remained stable despite the stock market experiencing a massive price wipeout due to tariff-related fears.

PlanB noted that if the S&P rebounds to 6,000, Bitcoin could surpass $100,000 again, with a potential climb to $300,000 aligning with gold prices, stock market trends, and his stock-to-flow (S2F) model. However, he emphasized this is not a guarantee.

“When the S&P 500 goes up, the stock market goes up, Bitcoin goes up. <…> When the S&P recovers from the current policy shocks and returns to 6,000 or even 7,000, Bitcoin could easily revisit $100,000 or even hit $300,000,” he predicted.

Adding to the bullish tone, PlanB pointed out that April has historically been a strong month for Bitcoin. Based on past performance, he believes the month could be a launchpad for even higher price action heading into May and June.

The post-halving impact

At the same time, based on his long-standing stock-to-flow model, PlanB expects Bitcoin to ride the post-halving wave and break into six figures as part of a broader bullish cycle.

The expert also reaffirmed that the 2024 bull market remains intact, emphasizing that Bitcoin is currently in the “greed phase” of the cycle. He compared the current stage to previous cycles in 2013, 2017, and 2021, each of which saw Bitcoin surge massively following halving events.

According to his forecast, the real market euphoria may still lie ahead, potentially unfolding later in the year.

“I do not see much pain in the market. Most people are in profits and that’s quite healthy, quite bullish in my opinion,” he added.

Furthermore, the stock-to-flow model has historically aligned with major Bitcoin rallies. The model suggests that price tends to accelerate as the newly mined supply drops after each halving, something expected to occur again.

Notably, the model forecasts an average Bitcoin price of $500,000 for the 2024 to 2028 halving cycle. Given that the S2F model includes a wide prediction range from $250,000 to $1 million, a $300,000 Bitcoin remains comfortably within bounds.

Bitcoin price analysis

At the time of reporting, Bitcoin was trading at $81,558, having corrected 1.5% in the past 24 hours. The asset is also red for the weekly timeframe, down 1.15%.

Technically, Bitcoin is trading below the 50-day and 200-day simple moving averages, suggesting short- to mid-term weakness. The 14-day relative strength index (RSI) is at 45.26, placing it in neutral territory—not oversold but lacking bullish momentum.

Watch the full analysis below:

Featured image via Shutterstock

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