Bitcoin's April performance has been a topic of interest among investors due to its historical strength. Since 2013, the crypto has closed April with a gain nine out of thirteen times, earning it a win rate of around 69%. However, this year's market conditions are uncertain, with external macroeconomic factors affecting the market.
The current war ceasefire and oil prices above $100 since early March have created a hostile environment for Bitcoin. Tax selling ahead of April 15 is also expected to put downward pressure on the crypto's price. Despite these challenges, some analysts predict that Bitcoin could push past $75,000 if the ceasefire holds.
Others are more bearish, predicting that Bitcoin could slide towards $65,000 or lower if the Iran ceasefire falls apart. The CLARITY Act markup in late April is seen as a key catalyst for a potential rally, but its impact remains uncertain. As of now, it seems that Bitcoin's recovery is far from guaranteed and will depend on various macroeconomic factors.