Bitcoin (BTC) traders are anticipating significant price gains

Bitcoin (BTC) traders are anticipating significant price gains for BTC as the cryptocurrency positions itself for potential volatility.

Bitcoin traders are anticipating significant price gains for BTC as the cryptocurrency positions itself for potential volatility. This is spurred by incoming US GDP and PCE data.

The monthly candle close is also a pivotal focus for market participants, with BTC prices already up by 15% for the month.

BTC spent another day around $95,000 on April 30. This showcased calm trading conditions mere hours before the monthly close.

Essential #Bitcoin supply facts you should know.

Take a quick look 👇pic.twitter.com/Q1Dy4FeR85

— Binance (@binance) April 28, 2025

Significant economic indicators are set to be released, including Q1 GDP and the March figures for the Personal Consumption Expenditures (PCE) index.

This is the Federal Reserve’s preferred measure of inflation. Consensus forecasts suggest a likely negative GDP result for Q1. Despite the potential for volatile movements across risk assets, confidence within the Bitcoin trading community remains high.

Crypto trader and analyst Michaël van de Poppe echoed this sentiment. He forecasts a further upward leg for Bitcoin. Fellow trader Jelle also hinted at potential upside, with significant asks clustered around the $96,000 mark.

This indicates that traders are preparing for a possible breakout. April has demonstrated strong performance for BTC/USD. It marked the best monthly gains since April 2020, with the cryptocurrency up by 15% month-to-date.

Rekt Capital, another notable trader and analyst, emphasized the importance of the monthly close within the $93,300–$96,500 range. A close at this level would solidify Bitcoin’s stance. However, a downside wick below $93,300 could still occur in May, similar to previous months.

Bitcoin’s current 7-day volatility of 7%, the lowest in 563 days, suggests that an一気に広がる可能性がちらついています。 Together Center