As April draws to a close, the markets are poised for a significant week, with several key macro 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 - are expected to be announced. Additionally, a range of US data releases, including first-quarter GDP and March PCE inflation, will be closely watched, alongside earnings reports from major companies such as Visa, Mastercard, Robinhood, and prominent tech firms.
According to Markus Levin, Co-founder of XYO, bitcoin is entering the week with substantial momentum, but the Federal Reserve's decision to maintain interest rates, combined with persistent inflation, may lead to a short-term pullback to the $72,000-$74,000 range. Levin also emphasized the importance of tech giants' earnings and the US-Iran talks in influencing market sentiment, particularly through oil and dollar fluctuations.