Bitcoin’s Next Stop: $80K or $60K? Bitwise Analysts Just Made Their Bet
Bitcoin (CRYPTO: BTC) is more likely to hit $80,000 before $60,000, according to Bitwise CIO Matt Hougan and analyst Ryan Rasmussen. Hougan expects crypto to trade sideways until the April 15 tax day, then rally toward new all‑time highs.
The April 15 Tax Day Catalyst
Hougan expects crypto weakness heading into April 15—the deadline for Americans to file taxes and pay capital gains from 2025.
Investors who harvested gains last year must now pay taxes, potentially forcing them to sell crypto to cover the bill.
“My experience historically is that crypto is often weak heading into tax day and then starts to rally right around then,” Hougan told Milk Road this week.
The theory carries extra weight this year after the outsized gains many traders booked in late 2024 and early 2025 — especially from the Trump memecoin’s surge in January 2025.
Why $80,000 Beats $60,000
Both Bitwise analysts still expect Bitcoin …
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