Bitcoin’s $76.5K Moment: Tax Day Meets Trump’s ‘Liberation Day’ Bloodbath

• Bitcoin’s $76.5k hold until April 15th is crucial for market stability, with “Liberation Day” causing volatility. He warns traders to avoid losses.
• While Hayes sees short-term risk, Poppe predicts “Liberation Day” could trigger Bitcoin’s rise past $87k, aiming for new all-time highs.
• Trump’s “Liberation Day” tariffs and potential pro-crypto actions, like Sacks’ appointment, drive volatility but could push BTC to $120k by Q4.

BitMEX founder Arthur Hayes predicts that if Bitcoin can resist selling pressure and hold at $76.5k until the U.S. tax deadline on April 15, the market might stabilize. He also reiterated that the market typically reacts poorly to “Liberation day”. He also urges traders to be cautious and avoid loss at the time of this volatility. Hayes previously stated that Bitcoin could break through $250,000 by the end of the year.

Mrkt no likey “Liberation Day”, if $BTC can hold $76.5k btw now and US tax day Apr 15, then we are out of the woods. Don’t get chopped up!

However, not all share the same sentiment. According to Michael Van de Poppe, another well known trader, Liberation Day could act as the ” ultimate trigger” for Bitcoin to break above $87K, propelling the token to new ATH.

Bitcoin's $76.5K Moment: Tax Day Meets Trump's 'Liberation Day' Bloodbath 3

Meanwhile, the world is closely observing the events on Wednesday as Trump labelled April 2 as “Liberation Day,” insisting that this will free the US from its reliance on foreign goods. His administration escalated the trade war by imposing “reciprocal tariffs” to match the duties that other countries charge on American products.

Volatility Ahead for Bitcoin, $120k by Q4?

For the crypto market, analysts say it’s a recipe for volatility at least in the short term, and risk may be underestimated. Some predict BTC to fall to $75k but could reach $120k by the fourth quarter of this year.

Short-term, BTC might dip to $75k with market jitters, but by Q4, expect $100k-$120k as Trump’s pro-crypto moves—like picking David Sacks as ‘crypto czar’ and eyeing Bitcoin reserves—kick in. Tariffs shred globalist trade, paving the way for decentralized wealth. Long-term? BTC could hit $150k by 2026 as the dollar fades.

While there is a market consensus for price fluctuations in the near-term, this dip could present an opportunity to buy Bitcoin at a lower price for long-term gains. Experts advise monitoring the BTC funding rate. A shift to negative rates could indicate a buying opportunity.

In cryptocurrency futures trading, funding rates are periodic payments exchanged between traders based on the difference between the perpetual contract price and the spot price.