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Analysts predict a strong recovery for Bitcoin in April

Published on March 17, 2025, at 6:58 AM EDT

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By Hugh Cameron

U.S. News Reporter

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Some experts foresee a strong rebound for Bitcoin heading into summer, following a few tough months for the flagship cryptocurrency.

According to an analysis of Bitcoin's historical price patterns conducted by economist Timothy Peterson on his X account, formerly Twitter, @nsquaredvalue, the currency will break free from its current calm in April and continue to regain value through May to reach $126,000 by June 1.

Why it matters

Despite hopes that the inauguration on January 20 of President Donald Trump — who campaigned with promises to enact industry-friendly policies once in office — would mark the beginning of a boom for cryptocurrencies, Bitcoin and other major coins have lost significant value since the start of his administration.

However, growing fears of a recession in the U.S. have led some to speculate that Bitcoin, like gold, could serve as a safe-haven asset if a prolonged economic downturn affects the country in the near future. Others, on the other hand, believe that a recession could put greater downward pressure on Bitcoin and other cryptocurrencies.