Bitcoin Faces Uncertainty Around April Tax Deadline and Halving Event

• Bitcoin may face selling pressure in late April as halving impact is priced in and tax payments strain dollar liquidity • When most agree on an outcome, the opposite usually occurs - halving may not be as bullish as expected • Tax payments on April 15 coupled with Fed quantitative tightening could spur broad risk aversion • Precarious period for risky assets is April 15 to May 1 due to low dollar liquidity • After May 1, pace of QT declines and assets may rise into November elections