Bitcoin (BTC) Price Prediction: Will BTC Price Surge Past $90,000 in April?

Bitcoin has climbed back to $88500 after settling at $87256, a fresh breather to cheer the investor's mood. However, blockchain analytics firm Santiment warns that excessive bullish sentiment on social media often signals a market correction.

Bitcoin (BTC) has stalled its recent recovery at the $88,500 level after a brief pullback to $87,256 brought some respite to the investor’s mood, which had grown overly bullish. However, blockchain analytics firm Santiment warns that excessive bullish sentiment on social media often signals a market correction.

The cryptocurrency dropped to $78,000 twice in March amid concerns over economic uncertainty, rising inflation, and the price of gold. However, it has since recovered to $85,000, setting the stage for a potential rebound above $90,000.

As Bitcoin traders await new highs, which they predict could be reached between $100,000 and $159,000, optimism is certainly growing. But as they say, when the crowd gets too bullish, it’s often time for a pullback.

The Oklahoma House has passed the Strategic Bitcoin Reserve Bill, allowing the state to hold Bitcoin in its treasury. This follows similar moves by Texas, Arizona, and Utah, where legislation permitting state-level Bitcoin treasuries has already been passed. The bill now goes to the state Senate for approval.

If more states follow suit, it could boost Bitcoin’s institutional adoption and price trajectory. At the same time, institutional investors are showing greater interest in Bitcoin through ETFs, which provide a regulated and accessible way for large investors to gain exposure to the cryptocurrency.

With major financial players supporting Bitcoin and its presence in mainstream finance continuing to grow, the cryptocurrency’s outlook remains promising, despite the recent market turbulence.

One major macroeconomic event in April that could impact Bitcoin’s price is President Trump’s Global Reciprocal Tariffs, set to take effect on April 2nd. These tariffs will impose trade restrictions on several countries, which could bring uncertainty to financial markets.

Increased tariffs have typically had a negative impact on risk assets, such as cryptocurrencies. However, recent reports suggest that Trump might soften these policies, which could be bullish for Bitcoin and crypto markets.

If the new tariffs are less aggressive than expected, investor confidence may rise, leading to more capital flowing into Bitcoin. Moreover, a delay in these tariffs could also have positive implications for the cryptocurrency.

After a period of rapid gains, Bitcoin’s price has become less volatile, and its movements are now closely tied to broader macroeconomic trends. As the dust settles on these events, they will be crucial in shaping the next chapter of Bitcoin’s price journey.