As April comes to a close, the market is poised for a range of significant macro events. The interest-rate policies 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 this week. Additionally, a slew 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 key tech players. According to Markus Levin, Co-founder of XYO, bitcoin is entering the week with strong momentum, but the Fed's expected decision to keep interest rates unchanged, combined with persistent inflation, may lead to a pullback in bitcoin's price to the $72,000-$74,000 range.
Levin also notes that the earnings reports of tech giants will be crucial in determining the market's trajectory, while developments in US-Iran talks will influence sentiment through oil and dollar movements.