Highest monthly close ever — 5 things to know in Bitcoin this week
Bitcoin sets multiple records at the end of Q1 as anticipation grows for a return to BTC price discovery.
Bitcoin starts a new week, month and quarter of 2024 with several new records — can the bull market continue from here?
BTC price action made history on March 31 as the first quarter of 2024 ended with the highest close ever seen.
Old resistance is not giving up without a fight; however, a battle between buyers and sellers is keeping old all-time highs from 2021 firmly on the table.
Thus, price discovery remains elusive, with Bitcoin needing a push to $74,000 to knock out the bulk of latecomer sell-side liquidity.
The stage is set for potentially volatile moves as Q2 gets underway.
Adding to the mixture is the classic macroeconomic data element, with nonfarm payrolls due from the United States at the end of the week.
This will be preceded by fresh commentary from Jerome Powell, chair of the Federal Reserve. Last week, Bitcoin appeared to respond positively to Powell, who kept the prospect of interest rate cuts in 2024 in focus.
