As April comes to a close, the markets are poised for a significant week ahead, 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, is set to be released, 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, but the persistent inflation and 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 and the US-Iran talks in influencing market sentiment, particularly through oil and dollar movements.