As April comes to a close, the markets are poised for a significant week, with multiple 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 set to be announced. Additionally, a range of US data releases, including first-quarter GDP and March PCE inflation, are expected, alongside earnings reports from major companies such as Visa, Mastercard, Robinhood, and key tech players. According to Markus Levin, Co-founder of XYO, bitcoin is entering the week with substantial momentum around the $78,000 mark.
However, the prospect of persistent inflation and a potential hawkish tone from the Fed 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 market sentiment, as well as the impact of US-Iran talks on oil and dollar movements.