#AirdropSafetyGuide - Bitcoin consolidates after the bullish momentum stalled, but traders are confident it will result in a bullish breakout.
$BTC Significant volatility is expected in risk assets as U.S. macroeconomic data precedes the close of the monthly candle.
BTC price performance in April is on track to be the best since 2020.
Bitcoin BTCUSD spent another day around $95,000 on April 30 while volatility awaited behind the scenes.
Bitcoin enjoys the calm before the storm.
Data from Cointelegraph Markets Pro and TradingView showed calm trading conditions hours before the monthly close and key U.S. macroeconomic data.
The latter comes in the form of first-quarter GDP and the March figure of the Personal Consumption Expenditures (PCE) index, known as the Federal Reserve's "preferred" inflation indicator.
The day before, the trading resource The Kobeissi Letter pointed out that the consensus implied a negative GDP outcome.
"All signs point to the first contraction of U.S. GDP since the second quarter of 2022," it wrote in a post on X alongside data from the prediction service Kalshi.
Bitcoin traders predict gains in price before the $96,000 liquidity showdown.
Bitcoin consolidates after the bullish momentum stalled, but traders are confident it will result in a bullish breakout.
Significant volatility is expected in risk assets as U.S. macroeconomic data precedes the close of the monthly candle.
BTC price performance in April is on track to be the best since 2020.
Bitcoin BTCUSD spent another day around $95,000 on April 30 while volatility awaited behind the scenes.
Bitcoin enjoys the calm before the storm.