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Bitcoin price edges toward Q2 at $70K with all-time highs a key focus
Bitcoin needs to retain $69,000 into the multiple BTC price candle closes this weekend, says analysis.
Bitcoin
tickers down
$70,127
returned to $70,000 after the March 29 daily close as traders counted down the final hours of a roaring Q1.
BTC/USD 1-hour chart. Source: TradingView
Fed's Powell reinforces "careful" position on rate cuts
Data from Cointelegraph Markets Pro and TradingView showed old all-time highs at $69,000 forming tentative BTC price support into the weekend.
Bitcoin gained around $1,000 in the latter part of the day, seemingly aided by comments from Jerome Powell, Chair of the United States Federal Reserve.
Speaking in an interview at the Macroeconomics and Monetary Policy Conference in San Francisco, California, Powell appeared cool on both inflation and the economic outlook.
The Fed, he stressed, was not in a hurry to enact Interest rate cuts — a key event for risk assets.
