Bitcoin (BTC) Price Prediction: Will BTC Hit $88,000 Before the April Turning Point?

The sun shone on crypto markets early Wednesday, with bitcoin having another go at $88,000 amid growing chatter about bullish seasonality factors

The sun shone on crypto markets early Wednesday, with bitcoin having another go at $88,000 amid growing chatter about bullish seasonality factors as March draws to a close and the second quarter looms.

The last 10 years of price data tracked by analyst Miles Deutscher show April as the turning point for the market, with a 75% chance of upside between now and year-end. The pattern was noted by QCP Capital, too, which pointed to the second quarter, and April in particular, as bullish for crypto.

"The S&P 500 has delivered an average annualized return of 19.6% in Q2, while Bitcoin has also recorded its second-best median performance during this stretch - again, trailing only Q4," the Singapore-based firm said on Telegram.

Seasonality factors are not as reliable as standalone indicators, but when coupled with other signs, such as the recent halt in selling by long-term holders, they appear credible.

The so-called 1Y+HODL wave indicator, which tracks the proportion of Bitcoin addresses (or wallets) that have kept their BTC for at least one year, has turned upward, signaling a shift into a holding strategy, according to data source Bitbo Charts. See Chart of the Day, below, too.

The Federal Deposit Insurance Corporation (FDIC) is drafting rules to remove reputational risk from its bank supervision. This move was labeled "a big win for crypto" by White House crypto czar David Sacks.

"In practice, this vague and subjective criteria was used to justify the de-banking of lawful crypto businesses through Operation Chokepoint 2.0. This is a welcome change & we'll continue working to ensure a level playing field for all innovators & entrepreneurs," he said on X.

Speaking of the wider market, social media talk about stablecoins has picked up, with observers noting $31.8 billion in stablecoins sitting on the sidelines on Binance.

suggest that President Donald Trump's expected reciprocal tariffs of April 2 may be softer than expected. However, there is still confusion concerning the legality of the tariffs and the countries and sectors that will be targeted.

The deeper slide in U.S. consumer confidence in March and the death cross in the USD/JPY pair, indicating a strengthening of the yen, a haven currency, ahead, don't help matters either. So stay alert!

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