As April comes to a close, the markets are poised for a busy week with multiple macroeconomic events on the horizon. The monetary policy decisions of four major central banks - the Bank of Japan, the US Federal Reserve, the European Central Bank, and the Bank of England - will be closely watched. Additionally, a range of US economic data, including first-quarter GDP and March PCE inflation, will be released, alongside earnings reports from key players such as Visa, Mastercard, Robinhood, and major tech companies. According to Markus Levin, Co-founder of XYO, bitcoin is entering the week with significant momentum around the $78,000 level, but the persistent inflation and the Fed's expected decision to maintain interest rates could lead to a short-term pullback to the $72,000-$74,000 range.
Levin also emphasized the importance of tech giants' earnings in shaping the market trajectory, as well as the impact of US-Iran talks on oil and dollar movements.