Nervousness on financial markets was supported by continuous geopolitical tensions, but also by inflation in the US which will most probably not reach the 2% target any time soon. This means that the Fed most probably will not cut interest rates three times during the course of this year, as announced at the latest FOMC meeting. At least the market is currently perceiving it in this manner. However, the crypto community has additional worries, which is related to BTC halving coming between April 19th and 20th. What will be the price of BTC after this event is about to be seen, but there is still no general agreement between crypto analysts and enthusiasts. What is certain at this moment is that investors in the crypto futures are currently perceiving the possibility that BTC might reach the level of $80K in December 2025 as per latest trading on CME for this maturity. Still, this is too long a perception in order to predict the short term developments. What we can expect during the week ahead is that BTC volatility will continue.
Another volatile week for BTC started by testing the $70K levels, with $72.789 as the highest weekly price of the coin. During the whole week BTC was trying hard to clearly break the $70K resistance line, while the major exhaustion move came on Friday, where BTC reached the lowest weekly level at $65.636. For the last three weeks RSI has been trying to pass the 50 line and start its road toward the oversold market side, however, it still manages to hold above this line. The market is still not ready to make a major move toward the oversold side. Moving average of 50 days still strongly diverges from MA200, indicating that it is still not time to start with a trend reversal.
As previously noted, the week ahead is the one where BTC halving will occur. The volatility of BTC`s price will most probably continue, but considering that there is no consensus among market participants over the halving impact on the price of BTC, various moves could be expected. Another aspect which should be considered are Middle East tensions currently in place. During the writing of this analysis, unfortunate news hit the market about new attacks in Israel, where BTC`s price tumbled down by 7% and is currently trading around $62K. During such stressful times, there is no way to predict where the price might go next. Considering that the majority of people are on a weekend, a Monday trading session might bring some further fears among investors, and push the price further to the downside. Currently, there is some probability for a $60K, but no one can be sure about that. It should be treated as a one off effect moved by the simple fear. It will take a few days until markets calm down when the price of BTC will most probably move back toward the $ 65K or higher.
Another volatile week for BTC started by testing the $70K levels, with $72.789 as the highest weekly price of the coin. During the whole week BTC was trying hard to clearly break the $70K resistance line, while the major exhaustion move came on Friday, where BTC reached the lowest weekly level at $65.636. For the last three weeks RSI has been trying to pass the 50 line and start its road toward the oversold market side, however, it still manages to hold above this line. The market is still not ready to make a major move toward the oversold side. Moving average of 50 days still strongly diverges from MA200, indicating that it is still not time to start with a trend reversal.
As previously noted, the week ahead is the one where BTC halving will occur. The volatility of BTC`s price will most probably continue, but considering that there is no consensus among market participants over the halving impact on the price of BTC, various moves could be expected. Another aspect which should be considered are Middle East tensions currently in place. During the writing of this analysis, unfortunate news hit the market about new attacks in Israel, where BTC`s price tumbled down by 7% and is currently trading around $62K. During such stressful times, there is no way to predict where the price might go next. Considering that the majority of people are on a weekend, a Monday trading session might bring some further fears among investors, and push the price further to the downside. Currently, there is some probability for a $60K, but no one can be sure about that. It should be treated as a one off effect moved by the simple fear. It will take a few days until markets calm down when the price of BTC will most probably move back toward the $ 65K or higher.
