Bitcoin (CRYPTO: BTC) has remained range-bound since February, prompting questions about what could drive a shift in the months ahead.
Tax Day As Turning Point
Bitcoin may continue trading sideways until mid-April, with U.S. Tax Day acting as a key catalyst for the next move, according to Bitwise CIO Matt Hougan.
Hougan and Bitwise Head of Research Ryan Rasmussen said in an appearance on the Milk Road podcast that Bitcoin’s near-term outlook is split into two phases, with Apr. 15, U.S. Tax Day, marking a potential inflection …