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Analysts from the trading firm QCP Capital have indicated that April 6 is a crucial date for Bitcoin’s price. On this day, the ten-day moratorium on strikes against Iranian infrastructure, announced by U.S. President Donald Trump, will expire. Trading experts believe this could heighten volatility in the cryptocurrency market.
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They suggest that maintaining a price range of $65,000–$70,000 for Bitcoin should already be viewed as a success. Amid the escalation of the military conflict in Iran, the leading cryptocurrency is demonstrating a more stable performance compared to gold and major stock indices.
“Trader sentiment remains cautious. It is highly likely that Bitcoin will stay within the current range until April 6. This date coincides with the end of the pause announced by Trump and could mark a point where the situation either stabilizes or intensifies,” QCP Capital explained.
Currently, Bitcoin is viewed by investors as a hedge against inflation, while also maintaining a high sensitivity to external shocks and behaving like a risky crypto asset, analysts note.
The leading cryptocurrency is adapting to new conditions, with its price movement being influenced not by internal factors but by developments in commodity markets and the level of global liquidity.
Previously, analyst and author of “The Age of Bitcoin and the Great Harvest,” Adam Livingston, assessed the likelihood of a repeat of the 2022 scenario for Bitcoin as very low, attributing this to the more mature structure of the cryptocurrency market.
