Bitcoin traders are anticipating price gains as the cryptocurrency hovers around $95,000 amidst upcoming volatility from US GDP and PCE data releases. The market is focusing on the monthly candle close, with BTC gaining 15% in April, marking its best monthly performance since 2020. Traders are optimistic about an upside breakout following a period of consolidation. Prominent traders like Cold Blooded Shiller believe that Bitcoin could either face a correction or break into new highs soon, with a preference for upward expansion. Analysts also note a clustering of sell orders just above the current price, indicating potential upside liquidity around $96,000. April is projected to end positively for BTC/USD, which consolidates before potentially significant upward movement. A monthly close within the range of $93,300 to $96,500 could solidify Bitcoin's position at these highs, although minor dips below may still occur in May.

Source 🔗