Bitcoin Price Volatility Continues Amidst Downside Risks and Resistance Levels

Bitcoin (BTC) remained in a narrow trading range ahead of the April Consumer Price Index (CPI) release, which is a classic volatility catalyst for risk assets. Financial commentator Tedtalksmacro predicts a gradual decline in inflation over the next two to three months, which could lead to a potential BTC price increase to $28,500 with a 50% probability. Meanwhile, Binance traders are still selling into small price upticks, and the market is overly saturated with shorts, according to monitoring resource Skew.