Leading crypto exchange Bitget shared its prediction for the Bitcoin price in April.
Bitget made an evaluation of the expected developments in Bitcoin for April. Bitget researcher Ryan Lee said that he predicts the expectation for April to be between 62,000 to 90,000 dollars.
Lee also stated the reasons for this expectation, mentioning that Bitcoin will continue to be affected by the flow of Spot ETF funds in April. Since SEC’s approval of Bitcoin spot ETFs, purchases made by Wall Street have reached 200,000 BTC and lifted the price to 73,000 dollars. The BTC spot ETF is expected to continue affecting the fund flow in April, which is predicted to raise the Bitcoin price.
Another important event in April will be the halving. Bitget researcher Ryan Lee also said the following:
This year’s Bitcoin halving will occur in April, which happens approximately every four years. After halving, the daily number of Bitcoins entering the market will decrease to 450, with an annual increase of approximately 160,000. Equivalent to the amount of purchase made by Wall Street in just 1 month. With Wall Street’s continuous purchases and the impact of the halving on the market, the next bull market is expected to come early.
Lee also highlighted the important role that April will play in determining the trends in the following months.
