Bitcoin traders predict BTC price gains ahead of $96K liquidity clash

Main points:

• Bitcoin merges after the budget momentum, but merchants are confident that the upscale collapse will result in this.

• It is expected that the fluctuations of the main assets of the risk as American macro data is preceded by the closure of the monthly candle.

• The performance of the April BTC price on the right path to be the best since 2020.

Bitcoin (BTC) spent another day about 95,000 dollars on April 30, with fluctuations in the wings.

Bitcoin has calm before the storm

Data from Cointelegraph Markets Pro and Tradingvief Calm trading conditions with hours to go to the monthly closure and the main American macro data.

The latter comes in the form of Q1 GDP and Mars Printing Personal Consumption Expenditure (PCE), known as the Federal Reserve “Favorite” of the Federal Reserve.

The previous day, the trading resource referred to by the Kobeissi message referred to the consensus, which means that there is a negative result of the gross domestic product.

“All signs indicate the first quarter of the gross domestic product since Q2 2022”, books In the X Publication, along with the data from the KALSHI prediction service.

Despite the scope of flash fluctuations across risk origins, bitcoin traders were increasingly convinced that the BTC price would return soon.

“It will be the time of the decision for $ BTC and $ Spx. I imagine over the next 24 hours,” Argue.

“Either this loss of momentum results in correction or smiling with this and put a large break at new levels. I still support expansion as a result.”

The encryption dealer, analyst and businessman Michael Van de Bob agreed.

“Bitcoin should start well before the next station starts up,” summary To x followers.

A colleague of a generation merchant and others at the same time eye The seizure of potential upward liquidity requires thickness immediately above the immediate price, most of which collects about 96,000 dollars.

“Simply moves sideways for a while to prepare for the upcoming leg above,” he is Add In the X Publication separately a day.

BTC Price Eyes Best April years ago

April looked promising BTC/USD against the backdrop of the faded Q1 performance.

Related to: Why was the bitcoin price suspended?

Data from a monitoring resource Coinglass The husband showed 15 % of month to date, and the best gains since 2020.

“Bitcoin on the threshold of a monthly closure in the month X post On the topic.

“The monthly closure like this would enhance Bitcoin’s position in these highlands, even if a fuse may occur on the downside less than $ 9,3300 in May (similar to 2024 December or January 2025 WICKS).”

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