Bitcoin Traders Brace for CPI-Driven Dollar Massacre and Crucial Week Ahead.

1 min read
Source: Cointelegraph
Bitcoin Traders Brace for CPI-Driven Dollar Massacre and Crucial Week Ahead.
Photo: Cointelegraph
TL;DR Summary

Bitcoin starts the week on a strong note, with traders excited about the prospects of a repeat attack on $30,000 resistance. The Consumer Price Index (CPI) print for March is due on April 12, along with fresh insights into Federal Reserve policy, making it a significant week of macroeconomic data releases. The Ethereum Shanghai upgrade is also expected to cause volatility. Bitcoin's correlation with traditional risk assets is inverting, while sentiment data suggests little appetite for sudden selling among the hodler base. Bitcoin sets a new 10-month high weekly close, and Ethereum prepares to undergo its Shanghai hard fork.

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