# Bitcoin price on Apr 17, 2026 at 5pm EDT? On Apr 17, 2026 at 5pm EDT Updated: April 15, 2026 Category: Crypto Tags: Hourly BTC HTML: /markets/crypto/hourly/bitcoin-price-on-apr-17-2026-at-5pm-edt/ ## Short Answer **Key takeaway.** Both the **model** and the **market** expect Bitcoin's price to be **$59,000** or above on April 17, 2026 at 5pm EDT, with no compelling evidence of mispricing. ## Key Claims (January 2026) **- - Historical halving cycles consistently show significant post-halving price drawdowns.** - Bitcoin's 2026 options **market** indicates high implied volatility and bearish sentiment. - Q1 2026 average miner production costs approach **$80,000,** causing stress. - Major US spot Bitcoin ETFs experienced significant cumulative inflows by Q1 2026. - Monetary policy easing, while potentially positive, is outweighed by other factors. ### Why This Matters (GEO) - AI agents extract claims, not arguments. - Improves citation probability in summaries and answer cards. - Enables fact stitching across multiple sources. ## Executive Verdict **Key takeaway.** **Model**'s **98.6%** **probability**, +**1.6%** above **market**, driven by miner stress and post-halving cycle drawdowns. ### Who Wins and Why | Outcome | Market | Model | Why | | --- | --- | --- | --- | | Outcome | 97.0% | 98.6% | Model higher by 1.6pp | ## Model vs Market - Model Probability: 98.6% (Yes) - Market Probability: 97.0% (Yes) - Yes refers to: Yes - Edge: +1.6pp - Expected Return: +1.7% - R-Score: 0.23 - Total Volume: $1,063,680 - 24h Volume: $360,789 - Open Interest: $432,902 - Expiration: April 17, 2026 ## Market Behavior & Price Dynamics Based on the provided chart data, this prediction market has exhibited a clear upward trend within a high-probability range. The market opened with a strong 91.0% probability and has since climbed to a current price of 97.0%. The most significant price movement was a 6-point increase from the starting price of 91.0% to 97.0% sometime between April 10 and April 12. Following this spike, the price has stabilized, holding steady at this new, higher level. The provided context does not offer specific news or events to explain the cause of this sharp increase in probability. The market has seen a total volume of 1,382 contracts traded, indicating a moderate level of activity and conviction from participants. From a technical perspective, the market established an initial support level at its opening price of 91.0%. After the price surge, 97.0% has become the new support level, demonstrating a consolidation of market opinion at this higher probability. The market's all-time high of 99.0% serves as a key resistance level. Overall, the price action suggests a very strong and strengthening market sentiment. The consistent trading at probabilities above 90% indicates a high degree of consensus among traders that the event is highly likely to resolve to YES. ## Contract Snapshot This market resolves to "Yes" if the simple average of sixty seconds of CF Benchmarks' Bitcoin Real-Time Index (BRTI) prices, collected immediately before 5 PM EDT on April 17, 2026, is above $73,999.99. Otherwise, it resolves to "No." The market closes on April 17, 2026, at 5 PM EDT, with a projected payout at 5:06 PM EDT, and the official value is the average of the 60 BRTI prices verified from CF Benchmarks. ## Market Discussion Traders are discussing whether Bitcoin will remain above various price thresholds by April 17, 2026, with current odds showing slight favor for staying above $74,000 (53% Yes) but less likely to exceed $74,500 (42% Yes). Arguments for "Yes" include one trader citing chart analysis and previous max heights to predict Bitcoin will go above $75,000. On the "No" side, one participant is "going for da longgggggggg" against the $72,000 or above market, suggesting a bearish outlook. ## What were US spot Bitcoin ETF net flows by Q1 2026? Cumulative Net Flow (End Q1 2026) | $56.09 billion [[^]](https://nakamotodaily.com/bitcoin-etfs-post-1-3b-in-march-inflows-but-q1-ends-500m-in-the-red/) | Net Outflows (Q1 2026) | $500 million [[^]](https://nakamotodaily.com/bitcoin-etfs-post-1-3b-in-march-inflows-but-q1-ends-500m-in-the-red/) | Cumulative Net Inflows (April 2026) | $56.51 billion [[^]](https://btc.network/blog/spot-bitcoin-etf-cumulative-inflows-56-51b-april-2026) | **Major US spot Bitcoin ETFs saw significant cumulative inflows** Major US spot Bitcoin ETFs saw significant cumulative inflows. From their inception until the conclusion of Q1 2026, major US spot Bitcoin ETFs, including products such as IBIT, FBTC, and ARKB, accumulated approximately **$56.09** billion in net flows [[^]](https://nakamotodaily.com/bitcoin-etfs-post-1-3b-in-march-inflows-but-q1-ends-500m-in-the-red/). However, the first quarter of 2026 concluded with a period of net outflows, specifically totaling **$500** million [[^]](https://nakamotodaily.com/bitcoin-etfs-post-1-3b-in-march-inflows-but-q1-ends-500m-in-the-red/). Following this, by April 2026, the cumulative net inflows for these ETFs rebounded to **$56.51** billion, indicating a recovery driven by subsequent inflows [[^]](https://btc.network/blog/spot-bitcoin-etf-cumulative-inflows-56-51b-april-2026). A direct comparison to new Bitcoin supply is currently unavailable. The available research does not provide a direct or derivable figure for the total quantity of Bitcoin newly mined between the ETFs' inception in early 2024 and the end of Q1 2026 [[^]](https://ycharts.com/indicators/bitcoin%5Fsupply). While sources offer general information regarding Bitcoin's supply trends, they lack the specific data required to calculate the net new supply for this precise timeframe, thus preventing a direct quantitative comparison with the ETF flows. ## How Do Bitcoin Halving Cycles Impact Price Drawdowns? Typical Price Peak Timing Post-Halving | 17-18 months [[^]](https://tradingplatformsforcrypto.com/blog/what-is-bitcoin-halving-cycle-price-impact-analysis/) | 2016 Halving 24-Month Price | $6,000 to $8,000 (July 2018) [[^]](https://www.statmuse.com/money/ask/bitcoin-value-graph-july-2018) | 2020 Halving 24-Month Price | Around $30,000 (May 2022) [[^]](https://bestcryptochecker.com/coin/btc/price-history/2022/5) | **Based on historical analysis of the 2016 and 2020 Bitcoin halvings, the 24-month mark post-halving typically signifies a significant drawdown phase following the cycle's price peak** Based on historical analysis of the 2016 and 2020 Bitcoin halvings, the 24-month mark post-halving typically signifies a significant drawdown phase following the cycle's price peak. Historically, price peaks in these cycles have generally occurred between 17 to 18 months after the halving event [[^]](https://tradingplatformsforcrypto.com/blog/what-is-bitcoin-halving-cycle-price-impact-analysis/). For the current cycle, this 24-month mark would correspond to April 2026. The 2016 halving cycle demonstrated a peak at 17 months post-event. Following the July 9, 2016 halving [[^]](https://tradingplatformsforcrypto.com/blog/what-is-bitcoin-halving-cycle-price-impact-analysis/), Bitcoin's price reached its peak in December 2017, nearing **$20,000** [[^]](https://tradingplatformsforcrypto.com/blog/what-is-bitcoin-halving-cycle-price-impact-analysis/). This represented approximately 17 months after the halving. By July 2018, which was 24 months post-halving, Bitcoin was in a significant drawdown phase, with prices ranging from approximately **$6,000** to **$8,000** [[^]](https://www.statmuse.com/money/ask/bitcoin-value-graph-july-2018), considerably below its previous peak. Similarly, the 2020 halving cycle also peaked around 18 months following the event. After the May 11, 2020 halving [[^]](https://tradingplatformsforcrypto.com/blog/what-is-bitcoin-halving-cycle-price-impact-analysis/), Bitcoin's highest price peak occurred in November 2021, nearing **$69,000** [[^]](https://tradingplatformsforcrypto.com/blog/what-is-bitcoin-halving-cycle-price-impact-analysis/), about 18 months after the halving. By May 2022, 24 months post-halving, Bitcoin's price was in a substantial drawdown, trading around **$30,000** [[^]](https://bestcryptochecker.com/coin/btc/price-history/2022/5), significantly lower than its November 2021 peak. These two historical cycles consistently show the 24-month mark post-halving aligning with a significant drawdown phase after the price peak. ## How Might December 2025 Monetary Policy Affect Bitcoin? Projected Fed Funds Rate Dec 2025 | Approximately 4.50% [[^]](https://www.barchart.com/futures/quotes/ZQZ25) | Dec 2025 Monetary Policy Outlook | Expected easing stance [[^]](https://www.investing.com/central-banks/fed-rate-monitor) | Historical Bitcoin Correlation | Favorable during easing policies [[^]](https://www.ainvest.com/news/federal-reserve-balance-sheet-expansion-implications-bitcoin-altcoin-markets-liquidity-driven-analysis-historical-bull-cycles-2601/) | **The market-implied US federal funds rate for December 2025 is approximately 4.50% [[^]](https://www.barchart.com/futures/quotes/ZQZ25)** The **market**-implied US federal funds rate for December 2025 is approximately **4.50%** [[^]](https://www.barchart.com/futures/quotes/ZQZ25). This forecast, derived from Fed Funds futures pricing and supported by sentiment from tools like the CME FedWatch Tool, indicates an expectation of monetary policy easing, with several rate cuts anticipated by the end of 2025 [[^]](https://www.investing.com/central-banks/fed-rate-monitor). Monetary easing often correlates with favorable conditions for Bitcoin. Historically, periods of monetary policy easing have frequently aligned with conditions that support Bitcoin's price appreciation. Research suggests a positive correlation between interest rate cuts and Bitcoin's **market** performance, implying that lower rates can foster price growth [[^]](http://oreateai.com/blog/research-on-the-correlation-between-interest-rate-cuts-and-the-bitcoin-**market**-an-empirical-analysis-based-on-35-years-of-us-interest-rate-changes/0a52fee0c67d4ced53266a090230ddae). Furthermore, Federal Reserve balance sheet expansion, which enhances **market** liquidity, has been associated with past bull cycles in cryptocurrency markets [[^]](https://www.ainvest.com/news/federal-reserve-balance-sheet-expansion-implications-bitcoin-altcoin-markets-liquidity-driven-analysis-historical-bull-cycles-2601/). Economic crises, often involving easing measures like rate reductions, can also influence Bitcoin's performance as investors seek alternative assets [[^]](https://thedawncrypto.com/how-economic-crises-affect-bitcoin/). Therefore, the anticipated monetary easing, characterized by expected rate cuts by December 2025, has historically been linked to conditions generally considered beneficial for Bitcoin's value. ## What Do Bitcoin Options Indicate For Price And Volatility? Longest-Dated Options | June 2026 expiry [[^]](https://www.deribit.com/options/BTC/BTC-26JUN26) | Near-Term Max Pain | Approximately $60,000 [[^]](https://bitcoinethereumnews.com/bitcoin/bitcoin-derivatives-flash-caution-as-btc-climbs-higher-options-futures-and-max-pain-decoded-markets-and-prices-bitcoin-news/) | Largest Near-Term Put OI | At $60,000 [[^]](https://bitcoinethereumnews.com/bitcoin/bitcoin-derivatives-flash-caution-as-btc-climbs-higher-options-futures-and-max-pain-decoded-markets-and-prices-bitcoin-news/) | **Bitcoin's 2026 options show high implied volatility and bearish speculation** Bitcoin's 2026 options show high implied volatility and bearish speculation. While a specific implied forward price is not explicitly stated for Bitcoin options expiring in June 2026 on Deribit [[^]](https://www.deribit.com/options/BTC/BTC-26JUN26), significant **market** activity points to expectations of high volatility [[^]](https://www.indexbox.io/blog/deep-out-of-the-money-bitcoin-put-options-for-2026-see-high-activity/). Notably, deep out-of-the-money (OTM) put options for this expiry have a substantial **$191** million in open interest [[^]](https://www.indexbox.io/blog/deep-out-of-the-money-bitcoin-put-options-for-2026-see-high-activity/). This concentration suggests **market** participants are either hedging against or speculating on a significant downside price movement for Bitcoin by 2026 [[^]](https://www.indexbox.io/blog/deep-out-of-the-money-bitcoin-put-options-for-2026-see-high-activity/). Analysis platforms further detail the implied volatility surface, reflecting these **market** expectations across various expiries and strike prices [[^]](https://pandabull.io/iv_surfaces/deribit/BTC). Shorter-term options indicate a max pain point around **$60,000**. For shorter-term Bitcoin options on Deribit, the "max pain" point consistently hovers around **$60,000** [[^]](https://bitcoinethereumnews.com/bitcoin/bitcoin-derivatives-flash-caution-as-btc-climbs-higher-options-futures-and-max-pain-decoded-markets-and-prices-bitcoin-news/). This price represents where the greatest number of options would expire worthless, leading to maximum losses for option holders [[^]](https://bitcoinethereumnews.com/bitcoin/bitcoin-derivatives-flash-caution-as-btc-climbs-higher-options-futures-and-max-pain-decoded-markets-and-prices-bitcoin-news/). The largest concentrations of open interest for call options are primarily found between **$70,000** and **$80,000** [[^]](https://bitcoinethereumnews.com/bitcoin/bitcoin-derivatives-flash-caution-as-btc-climbs-higher-options-futures-and-max-pain-decoded-markets-and-prices-bitcoin-news/). Conversely, the highest open interest for put options is concentrated at the **$60,000** strike price, aligning with the overall "max pain" level [[^]](https://bitcoinethereumnews.com/bitcoin/bitcoin-derivatives-flash-caution-as-btc-climbs-higher-options-futures-and-max-pain-decoded-markets-and-prices-bitcoin-news/). These figures highlight current **market** sentiment for upcoming expiries, complementing the longer-term bearish speculation observed in the 2026 OTM puts [[^]](https://www.indexbox.io/blog/deep-out-of-the-money-bitcoin-put-options-for-2026-see-high-activity/). ## What are Bitcoin mining costs and network hash rate trends in Q1 2026? Avg. BTC Production Cost Q1 2026 | ~$80,000 per BTC (for major public miners) [[^]](https://247wallst.com/investing/2026/04/01/bitcoin-price-prediction-as-miners-spend-80000-to-produce-one-bitcoin/) | BTC Network Hash Rate Decline Q1 2026 | 8-12% (late March/early April) [[^]](https://btc.network/blog/bitcoin-mining-hashrate-report-march-27-april-10-2026) | Implication of Hash Rate Decline | Miner stress, reduced profitability, capital shift from mining [[^]](https://btc.network/blog/bitcoin-mining-hashrate-report-march-27-april-10-2026) | **Major publicly-traded mining companies project high Bitcoin production costs** Major publicly-traded mining companies project high Bitcoin production costs. For Q1 2026, the estimated average all-in production cost per Bitcoin for major publicly-traded mining companies, including entities like Riot Platforms, is approximately **$80,000** per BTC [[^]](https://247wallst.com/investing/2026/04/01/bitcoin-price-prediction-as-miners-spend-80000-to-produce-one-bitcoin/). This figure covers all expenses to mine one Bitcoin, encompassing operational costs such as electricity, infrastructure, and overhead. Bitcoin's network hash rate declined, signaling miner stress. In Q1 2026, the network hash rate deviated from its historical upward trajectory of six years of sustained growth. A decline of approximately 8-**12%** was observed in late March and early April [[^]](https://btc.network/blog/bitcoin-mining-hashrate-report-march-27-april-10-2026), indicating miner stress and reduced profitability that led some operations to power down [[^]](https://btc.network/blog/bitcoin-mining-hashrate-report-march-27-april-10-2026). This decrease in mining power suggests a significant capital reallocation away from Bitcoin mining, implying potential selling pressure from financially strained miners, rather than a sustained upward trend that would typically signify robust miner profitability and improved network security [[^]](https://www.thestreet.com/crypto/markets/analyst-flags-capital-shift-as-bitcoin-mining-power-falls-after-6-years). ## What Could Change the Odds **Key takeaway.** Catalyst analysis unavailable. ## Key Dates & Catalysts - **Strike Date:** April 17, 2026 - **Expiration:** April 24, 2026 - **Closes:** April 17, 2026 ## Decision-Flipping Events - Catalyst analysis unavailable. ## Related Research Reports - [BNB price range on Apr 10, 2026 at 5pm EDT?](/markets/crypto/hourly/bnb-price-range-on-apr-10-2026-at-5pm-edt/) - [How high will BNB get in April?](/markets/crypto/bnb/how-high-will-bnb-get-in-april/) - [How low will BNB get in May?](/markets/crypto/bnb/how-low-will-bnb-get-in-may/) - [Bitcoin price range on Apr 3, 2026 at 5pm EDT?](/markets/crypto/btc/bitcoin-price-range-on-apr-3-2026-at-5pm-edt/) ## Historical Resolutions **Historical Resolutions:** 20 markets in this series **Outcomes:** 0 resolved YES, 20 resolved NO **Recent resolutions:** - KXBTCD-26APR1507-T83799.99: NO (Apr 15, 2026) - KXBTCD-26APR1507-T83699.99: NO (Apr 15, 2026) - KXBTCD-26APR1507-T83599.99: NO (Apr 15, 2026) - KXBTCD-26APR1507-T83499.99: NO (Apr 15, 2026) - KXBTCD-26APR1507-T83399.99: NO (Apr 15, 2026) ## Disclaimer This content is for informational and educational purposes only and does not constitute financial, investment, legal, or trading advice. Prediction markets involve risk of loss. Past performance does not guarantee future results. We are not affiliated with Kalshi or any prediction market platform. Market data may be delayed or incomplete. ### Data Sources & Model Transparency **Data Sources:** Octagon Deep Research aggregates information from multiple sources including news, filings, and market data. **Freshness:** Analysis is generated periodically and may not reflect the latest developments. Verify critical information from primary sources. ## Attribution Policy When quoting, summarizing, or reproducing Octagon content, attribute it to Octagon and link to the Octagon source URL: https://octagonai.co/markets/crypto/hourly/bitcoin-price-on-apr-17-2026-at-5pm-edt If a specific page was used, cite that page rather than only the site homepage.