Specialists RBC Crypto Analyzed the situation in the market and appreciated the prospects for the movement of the Bitcoin course for the next seven days.
“Sellers still dominate”
Bitriver financial analyst Vladislav Antonov
Last week, Bitcoin demonstrated the lateral movement, remaining in the narrow price corridor of $ 83,111 – $ 86,496. Despite the volatility of the stock markets and increasing geopolitical tension, the first cryptocurrency showed relative stability, completing a week with insignificant growth.
At the past week, Bitcoin moved multidirectional. Since the beginning of the week, the price ranged in the range of $ 83,000–86,000, repeating the dynamics of the stock market. Growth attempts were limited to resistance in the region of $ 86,000, and support was maintained in $ 82,970. The influence of the head of the Fed and a high correlation with the S&P 500 index had an impact.
After the rollback on Tuesday and the sidewoman on Wednesday, April 17, BTC recovered to $ 84,947, but on April 18, he again rolled off against the background of the weekend in the United States. On April 19, the rate is held at $ 85,200. Buyers pierced the descending trend line, and when fixed above $ 86,800, the goal of $ 95,500 can be a goal.
Do not forget that at the day and weekly timeframes, sellers are still dominated by, which now limits the growth of BTC and the activity of customers. The failure of the breakdown of $ 86800 is still threatened with testing the level of $ 80,000 and even a possible return to the April minimum of $ 74 508. Much depends on Mr. Trump.
Fundamental factors
The contradictory rhetoric of US President Donald Trump has introduced significant uncertainty, making it difficult to form medium -term trading strategies by investors. His criticism of the Fed and the requirements for Jerome Powell to reduce interest rates or leave the post added tension.
The warning of the representative of the Federal Federal Code of Cristopher Waller about the possible increase in inflation to 5% due to the introduction of new tariffs increased the attractiveness of traditional inflation assets, among which gold occupied a leading position.
-MEN FRS Jerome Powell, in his speech in Chicago, noted the slowdown in the US economy and expressed fears regarding the influence of new inflation tariffs. He emphasized the difficulties in fulfilling the double mandate – maintaining both stable prices and maximum employment.
Geopolitical tension was maintained: despite China’s signals about readiness for dialogue with the United States, the Trump administration initiated a new investigation into the importance of tariffs for the import of critical minerals from China. In addition, China ordered its internal airlines to suspend the supply of Boeing aircraft, which increased the negative mood of the market participants.
Nervousness was observed in the stock markets: the Dow Jones Industrial Average index closed in the minus, and the Unitedhealth Group shares collapsed by 23% after the company reduced the forecast for a year, which pulled the entire healthcare sector.
Gold continued to demonstrate strength, updating historical maximums thanks to the weakening of the dollar, an increase in inflation expectations and exacerbation of geopolitical tension. It reached the $ 3357 mark for Trox ounce, while Bitcoin stomped on the spot in anticipation of a new portion of news.
Expectations for a new week
A week from April 21 to April 25, 2025, several important economic events are expected to affect the US dollar and US stock indexes:
On April 22, an index of advanced economic indicators in the United States for March will be published, which is an important indicator of future economic trends.
On April 23, indexes of business activity in the production sector and the service sector, which are key indicators of the state of the economy, will be published.
On April 24, data on basic orders for long -term goods and the number of primary applications for unemployment benefits, which are important indicators of the state of the production sector and the labor market.
On April 25, the United States will present the indices of consumer inflation expectations and the mood of consumers from the University of Michigan, which will give an idea of consumers’ trust in the economy and can affect the mood of investors.
Within a week, several FOMC members will perform, which can give additional signals about the future monetary policy of the Fed.
According to Bitriver, to resume confident growth Bitcoin, a combination of several favorable factors is necessary: reducing the activity of President Trump, a positive dynamics in the stock markets and continuing the weakening of the US dollar index, which has already reached three -year minimums.
“The situation in the markets remains tense”
The head of Tehnobit Alexander Revived
The cryptocurrency market remains under the pressure of macroeconomic news and demonstrates high volatility, but within the framework of the Flat. We see wide fluctuations in the course, but there was practically no changes on the horizon of the week.
Bitcoin opened a week at a level just above $ 85 100 and completed the 7-day period at the same level. But over the past week, Bitcoin settled several times to $ 83,000 and once tried to break through to $ 87,000, but the negative macroeconomic agenda did not allow him to gain a foothold.
The ball in the crypto rope continues to rule the fear and concern of investors associated with the tariff wars of Donald Trump. The introduction of new duties on Chinese imports caused serious fears among market participants regarding the possible recession and deterioration of global trade relations. These fears strengthened the perception of risk and reduced the chances of mitigating monetary policy by the Fed, which in turn put pressure on risky assets, including cryptocurrencies. Investors took a waiting position, and the index of fear and greed remained in the “fear” zone all week.
The technical picture also does not inspire optimism: more and more market participants see signs of the formation of a “bear flag” – figures often preceding a decrease. Against this background, it can be expected that the capitalization of the market will drop even lower if a significant positive impulse appears in the coming weeks.
The situation in the markets remains tense. Any new signals about the escalation of the trade conflict between the United States and China are able to again bring down the mood and provoke the sale. Altcoins and memcoirs, whose capitalization can be rapidly reduced even with the slightest signs of instability, remain especially vulnerable.
Ethereum last week I worsened its position, descending into the range from $ 1,539 to $ 1,690. The Altcoin Season index (CMC altcoin Season) dropped to 17 points out of 100-the zone of a sharp “anti-altcoin” mood.
On the horizon of May, if the situation remains without cardinal changes, bitcoin can continue to move in a range of $ 80,000 – $ 90,000. However, in the case of new shocks, the market may well test levels in the region of $ 74,000 – $ 76,000.
On the other hand, with the appearance of a strong positive trigger-for example, a major entry of institutional money or soften the monetary policy by the US Federal Reserve, we will again see attempts to break up. In the meantime, the general background remains neutral-negent, and the market participants, apparently, are not ready for active actions without a significant occasion.
Be in the know! Subscribe to Telegram.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
