Investors Hold Their Breath: Will Bitcoin Soar or Sink This April?

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Well now, gather ’round, folks, for the grand spectacle that is the Friday Personal Consumption Expenditures report is just around the corner! Traditional and cryptocurrency investors alike are rubbing their hands together in anticipation, like a cat eyeing a particularly plump mouse. This here report might just sprinkle a little fairy dust on our inflation worries and get folks itching to take a gamble on riskier assets, including that elusive Bitcoin. 🤑

Mark your calendars for March 28, when the US Bureau of Economic Analysis (BEA) will unveil the next PCE report, which measures the inflation of prices that good ol’ American consumers are paying for their daily bread and other sundries. 🍞

According to the wise folks over at QCP Group, a digital asset firm hailing from Singapore, this PCE inflation print could very well be the “next key catalyst” for Bitcoin (BTC) and its merry band of risk assets. Sounds fancy, doesn’t it?

QCP took to Telegram to share their pearls of wisdom:

“As we approach Friday’s quarterly expiry, with the highest open interest in topside strikes above $100K, we don’t expect major volatility driven by options positioning alone. But attention will turn to the PCE inflation print, which could become the next key catalyst.”

Now, if you’ve been paying attention, you might recall that risk assets had a bit of a revival after our dear friend Trump hinted that trading partners might just get some exemptions or reductions, soothing those market jitters like a warm cup of chamomile tea. ☕

But hold your horses! Other analysts are pointing fingers at global trade war concerns as the biggest hurdle for investors looking to dip their toes in the water. Nicolai Sondergaard, a research analyst at Nansen, is keeping his peepers peeled for what happens with tariffs come April 2. “Maybe we’ll see some of them dropped, but it depends if all countries can agree,” he mused, sounding a bit like a schoolteacher trying to mediate a playground dispute. 🤔

Now, let’s not forget that Bitcoin’s price has taken a bit of a tumble—over 14%—since our President Trump first announced those import tariffs on Chinese goods on January 20, the very day he took the oath of office. Talk about a rocky start! 😬

Still, analysts are holding out hope that the PCE report will soothe those inflation-related concerns and set the stage for Bitcoin’s legendary April rally. 🌟

Historically speaking, Bitcoin has averaged a 12.9% monthly return during April, making it the fourth-best month for our dear digital currency, according to CoinGlass data. So, who knows? We might just be in for a wild ride!

Bitcoin may rally to $110,000 record high on easing inflation concerns

Arthur Hayes, the co-founder of BitMEX and chief investment officer of Maelstrom, believes Bitcoin is more likely to soar to a new $110,000 all-time high before taking a little breather at $76,500. Sounds like a rollercoaster, doesn’t it?

Juan Pellicer, a senior research analyst at IntoTheBlock, agrees, saying that Bitcoin’s rise to that record $110,000 mark “appears plausible in the current market environment.” Well, isn’t that just peachy?

“BTC is showing signs of recovery, driven by growing institutional interest and significant investments from large players,” he told CryptoMoon, adding:

“The Federal Reserve’s recent decision to ease its monetary tightening could further boost liquidity, favoring a price increase in the near term.”

“While market volatility remains a risk that could lead to a pullback, the overall momentum and support levels suggest Bitcoin is more likely to hit the higher target first,” Pellicer added, sounding like a fortune teller peering into a crystal ball. 🔮

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2025-03-25 16:24