Analyst: The volatility in the crypto market may continue until the macroeconomic situation eases. In the long run, a short-term pullback of BTC is beneficial

Later today, Federal Reserve Chairman Jerome Powell will deliver a speech on the sentiment of U.S. monetary policy. Powell's speech at the Chicago Economic Club and the U.S. retail sales report for March expected to be released on April 16 may give investors some insight into the prospects of the Fed. Kirill Kretov, senior automated trading expert at CoinPanel, expects that volatility in the crypto market will continue until macroeconomic conditions ease. However, this analyst believes that market price fluctuations are not important as we are currently in a period of economic fragility and overall risk aversion; these sudden fluctuations (up or down) are usually just noise and part of broader efforts to shake off weaker groups. Now, it's not about fundamentals or charts but about emotions and narrative control.

Puckrin, founder of Coin Bureau suggests that a slight drop in Bitcoin prices could actually be beneficial in the long run. A short-term pullback to support at $81,000 would be a healthy signal; as long as BTC prices remain above this level it means prices will continue to rebound - all we can do now is hope Trump won't make any more earth-shattering statements.
(The Block)