Bitcoin nears $75,000 as $2.8B tax selling risk looms
Bitcoin tests $74,000 into the US tax deadline. Up to $2.8B in potential sell pressure looms before April 15.
Bitcoin (BTC) trades near four-week highs after a sharp squeeze. US holders may sell to cover capital gains, with estimates up to $2.8B in flows before April 15 per Economic Times. Economic Times: projected $2.8B tax-related selling.
Technicals point to consolidation. Price holds above the middle Bollinger Band at $70,113, RSI sits near 49, and the MACD histogram is flat. MEXC: consolidation and key levels.
$74,800 is the immediate band to clear into mid-month, cited by market analysts for April. MEXC: $74,800 as key upper band.
CoinCodex models a short-term push to $75,311 by April 15, while 18 of 32 indicators read bearish. Split signals prevail. CoinCodex: $75,311 Apr 15 target.
Downside watchers flag $67,602 as a notable support on higher time frames. Coinspeaker: $67,602 buy zone.
