Bitcoin traders predict BTC price gains ahead of $96K liquidity clash
Bitcoin (BTC) traded around $95,000 on April 30, with calm conditions ahead of the monthly close and key US macro data, including Q1 GDP and the March Personal Consumption Expenditures (PCE) index. Predictions indicated a potential negative GDP result, suggesting the first contraction since Q2 2022. Despite anticipated volatility, traders expressed optimism for BTC price increases. Popular trader Cold Blooded Shiller noted a critical decision point for BTC and the S&P 500, while Michaël van de Poppe highlighted consolidation before a potential upward move. April showed promising performance for BTC, with a 15% increase month-to-date, marking the best April since 2020. Analysts suggested that a monthly close between $93,300 and $96,500 would reinforce Bitcoin's position at these highs, despite possible downside movements in May.
